SES AI (NYSE:SES) Given New $4.00 Price Target at Cantor Fitzgerald

SES AI (NYSE:SES) had its price objective raised by analysts at Cantor Fitzgerald from $2.00 to $4.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 61.62% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, October 8th. One 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, the company presently has an average rating of “Hold” and an average target price of $4.00.

SES AI Price Performance

SES AI stock opened at $2.48 on Thursday. The firm has a market capitalization of $905.16 million, a P/E ratio of -7.83 and a beta of 0.54. SES AI has a one year low of $0.20 and a one year high of $3.73. The business has a fifty day moving average price of $2.01 and a 200-day moving average price of $1.34.

SES AI (NYSE:SES) last issued its earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $7.12 million during the quarter, compared to analyst estimates of $4.58 million. SES AI has set its FY 2025 guidance at EPS. Sell-side analysts expect that SES AI will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC bought a new position in shares of SES AI in the first quarter worth approximately $26,000. CWM LLC boosted its holdings in shares of SES AI by 1,427.9% during the first quarter. CWM LLC now owns 55,462 shares of the company’s stock worth $29,000 after purchasing an additional 51,832 shares during the period. Voya Investment Management LLC bought a new stake in shares of SES AI in the first quarter worth about $31,000. Hudson Bay Capital Management LP purchased a new position in SES AI during the 2nd quarter valued at about $31,000. Finally, Verdence Capital Advisors LLC boosted its position in SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock valued at $33,000 after acquiring an additional 6,000 shares in the last quarter. 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.