SES AI (NYSE:SES) Trading Down 5.6% – Should You Sell?

SES AI Corporation (NYSE:SES)’s share price was down 5.6% during mid-day trading on Monday . The stock traded as low as $1.75 and last traded at $1.76. Approximately 3,735,019 shares changed hands during trading, a decline of 78% from the average daily volume of 17,020,182 shares. The stock had previously closed at $1.86.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SES shares. Wall Street Zen downgraded shares of SES AI from a “hold” rating to a “sell” rating in a research note on Sunday, June 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.00 price target on shares of SES AI in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, SES AI presently has an average rating of “Buy” and an average target price of $2.00.

SES AI Trading Down 7.8%

The business’s 50-day simple moving average is $1.24 and its 200 day simple moving average is $0.96. The company has a market capitalization of $627.21 million, a P/E ratio of -5.56 and a beta of 0.40.

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 company had revenue of $3.53 million for the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SES. Squarepoint Ops LLC lifted its stake in shares of SES AI by 159.2% in the fourth quarter. Squarepoint Ops LLC now owns 160,926 shares of the company’s stock worth $352,000 after buying an additional 98,834 shares during the last quarter. Two Sigma Investments LP raised its stake in SES AI by 666.4% during the 4th quarter. Two Sigma Investments LP now owns 513,010 shares of the company’s stock valued at $1,123,000 after purchasing an additional 446,073 shares during the last quarter. Invesco Ltd. raised its stake in SES AI by 1,537.2% during the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock valued at $465,000 after purchasing an additional 837,982 shares during the last quarter. ProShare Advisors LLC raised its stake in SES AI by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 36,677 shares of the company’s stock valued at $80,000 after purchasing an additional 12,068 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in SES AI during the 4th quarter valued at $118,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

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.