SES AI (NYSE:SES) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

SES AI (NYSE:SES) had its price objective boosted by research analysts at Cantor Fitzgerald from $2.00 to $4.00 in a report released on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 57.92% from the company’s previous close.

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

SES AI Price Performance

Shares of SES stock traded up $0.34 on Thursday, hitting $2.53. 15,214,542 shares of the stock traded hands, compared to its average volume of 22,629,732. SES AI has a 52 week low of $0.20 and a 52 week high of $3.73. The firm has a 50 day simple moving average of $2.06 and a two-hundred day simple moving average of $1.36. The firm has a market cap of $926.37 million, a price-to-earnings ratio of -9.05 and a beta of 0.54.

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

Institutional Trading of SES AI

Large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in SES AI in the first quarter worth about $1,064,000. Vanguard Group Inc. lifted its stake in shares of SES AI by 21.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after purchasing an additional 1,927,945 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after purchasing an additional 1,090,875 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of SES AI by 1,537.2% in the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock worth $465,000 after purchasing an additional 837,982 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of SES AI during the 2nd quarter valued at approximately $689,000. 29.78% of the stock is currently owned by institutional investors.

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.