SES AI (NYSE:SES) Stock Falls 1.9% – What’s Next?

SES AI Corporation (NYSE:SES) shares fell 1.9% during trading on Tuesday. The company traded as low as $0.5296 and last traded at $0.5590. 19,466,549 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 16,955,820 shares. The stock had previously closed at $0.57.

Wall Street Analyst Weigh In

SES has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $1.10 target price on SES AI in a research report on Wednesday, August 12th. Weiss Ratings upgraded SES AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.55.

SES AI Stock Up 6.7%

The business has a fifty day moving average of $0.55 and a 200 day moving average of $0.88. The firm has a market cap of $207.18 million, a P/E ratio of -2.79 and a beta of 1.00.

SES AI (NYSE:SES) last issued its earnings results on Tuesday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $5.07 million for the quarter, compared to analysts’ expectations of $5.60 million. SES AI had a negative return on equity of 26.21% and a negative net margin of 289.64%. On average, sell-side analysts expect that SES AI Corporation will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in SES AI by 57.2% in the first quarter. Renaissance Technologies LLC now owns 4,596,252 shares of the company’s stock worth $4,422,000 after purchasing an additional 1,671,610 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SES AI by 272.5% during the first quarter. Dimensional Fund Advisors LP now owns 943,138 shares of the company’s stock worth $906,000 after purchasing an additional 689,974 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of SES AI in the 1st quarter valued at $526,000. Bank of America Corp DE grew its holdings in shares of SES AI by 114.7% in the 1st quarter. Bank of America Corp DE now owns 610,399 shares of the company’s stock valued at $587,000 after buying an additional 326,033 shares during the period. Finally, Kestra Advisory Services LLC increased its position in shares of SES AI by 51.3% in the 1st quarter. Kestra Advisory Services LLC now owns 396,185 shares of the company’s stock valued at $381,000 after buying an additional 134,300 shares in the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

SES AI Company Profile

SES AI Corporation is a battery technology company developing high-performance lithium-metal batteries and related technologies for electric vehicles and other applications. The company combines battery engineering with artificial intelligence and materials science to accelerate the discovery, design and manufacturing of new battery materials.

Its product portfolio includes the Apollo lithium-metal battery platform, designed for automotive use, as well as Hermes, an artificial intelligence-powered materials discovery and development platform.