SES AI (NYSE:SES) Raised to Hold at Wall Street Zen

SES AI (NYSE:SES) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also issued reports about the company. Cantor Fitzgerald boosted their price target on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.00.

SES AI Stock Performance

NYSE:SES opened at $2.40 on Friday. The firm has a 50-day simple moving average of $2.03 and a 200-day simple moving average of $1.80. SES AI has a one year low of $0.38 and a one year high of $3.73. The firm has a market cap of $874.34 million, a P/E ratio of -8.55 and a beta of 0.57.

SES AI (NYSE:SES) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $7.12 million for the quarter, compared to the consensus estimate of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. On average, research analysts predict that SES AI will post -0.23 EPS for the current fiscal year.

Insider Activity at SES AI

In other news, insider Hong Gan sold 100,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $2.50, for a total transaction of $250,000.00. Following the sale, the insider directly owned 1,253,286 shares of the company’s stock, valued at $3,133,215. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 500,000 shares of company stock worth $1,108,000 in the last three months. Insiders own 13.80% of the company’s stock.

Institutional Trading of SES AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SES. Gainplan LLC acquired a new position in shares of SES AI in the fourth quarter valued at about $30,000. Voya Investment Management LLC acquired a new stake in SES AI during the 1st quarter valued at approximately $31,000. Hudson Bay Capital Management LP acquired a new stake in SES AI during the 2nd quarter valued at approximately $31,000. Verdence Capital Advisors LLC increased its stake in shares of SES AI by 42.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after acquiring an additional 6,000 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of SES AI by 136.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock worth $34,000 after purchasing an additional 21,934 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.