SES AI (NYSE:SES) Shares Up 17.4% – Time to Buy?

SES AI Corporation (NYSE:SES) was up 17.4% during mid-day trading on Friday . The stock traded as high as $2.10 and last traded at $2.06. Approximately 9,368,261 shares were traded during trading, a decline of 45% from the average daily volume of 16,888,018 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SES shares. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 target price on shares of SES AI in a research report on Tuesday, June 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of SES AI from a “hold” rating to a “sell” rating in a research report on Sunday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.00.

SES AI Stock Up 18.0%

The firm’s fifty day moving average price is $1.30 and its 200 day moving average price is $1.00. The stock has a market cap of $755.21 million, a PE ratio of -6.66 and a beta of 0.50.

SES AI (NYSE:SES) last released its earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.53 million for the quarter, compared to analysts’ expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SES AI

A number of hedge funds have recently bought and sold shares of the business. Savant Capital LLC raised its stake in SES AI by 32.1% during the second quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock valued at $52,000 after purchasing an additional 14,118 shares in the last quarter. Sitrin Capital Management LLC raised its stake in shares of SES AI by 50.0% in the second quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company’s stock valued at $53,000 after acquiring an additional 20,000 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of SES AI by 136.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after acquiring an additional 21,934 shares during the period. Bank of America Corp DE raised its stake in shares of SES AI by 24.9% in the fourth quarter. Bank of America Corp DE now owns 114,881 shares of the company’s stock valued at $252,000 after acquiring an additional 22,883 shares during the period. Finally, Invesco Ltd. raised its stake in shares of SES AI by 3.1% in the second quarter. Invesco Ltd. now owns 920,259 shares of the company’s stock valued at $817,000 after acquiring an additional 27,765 shares during the period. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Company Profile

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.