SES AI (NYSE:SES) Shares Up 10.7% After Analyst Upgrade

SES AI Corporation (NYSE:SES) shares traded up 10.7% during mid-day trading on Friday after Cantor Fitzgerald raised their price target on the stock from $2.00 to $4.00. Cantor Fitzgerald currently has an overweight rating on the stock. SES AI traded as high as $2.42 and last traded at $2.4250. 10,460,153 shares were traded during trading, a decline of 41% from the average session volume of 17,757,332 shares. The stock had previously closed at $2.19.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SES. Verdence Capital Advisors LLC increased its stake in shares of SES AI by 42.9% in 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. Hudson Bay Capital Management LP bought a new stake in SES AI in the second quarter valued at $31,000. 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 valued at $34,000 after purchasing an additional 21,934 shares during the period. Callan Family Office LLC bought a new position in shares of SES AI during the 2nd quarter worth about $38,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of SES AI in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

SES AI Trading Up 11.6%

The business has a 50-day moving average of $2.03 and a 200 day moving average of $1.35. The firm has a market capitalization of $894.19 million, a P/E ratio of -8.73 and a beta of 0.54.

SES AI (NYSE:SES) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SES AI had a negative net margin of 490.03% and a negative return on equity of 34.07%. The business had revenue of $7.12 million for the quarter, compared to the consensus estimate of $4.58 million. SES AI has set its FY 2025 guidance at EPS. As a group, research analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.

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.