SES AI (NYSE:SES) Shares Gap Down – Here’s Why

Shares of SES AI Corporation (NYSE:SES) gapped down prior to trading on Friday . The stock had previously closed at $1.99, but opened at $1.83. SES AI shares last traded at $2.0350, with a volume of 5,034,413 shares.

Wall Street Analyst Weigh In

SES has been the topic of a number of research reports. Cantor Fitzgerald increased their price objective on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reissued 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, the stock presently has a consensus rating of “Hold” and an average target price of $4.00.

SES AI Stock Performance

The stock has a 50 day moving average of $2.15 and a two-hundred day moving average of $1.40. The firm has a market capitalization of $747.90 million, a P/E ratio of -7.30 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 the consensus estimate 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 company had revenue of $7.12 million for the quarter, compared to analyst estimates of $4.58 million. SES AI has set its FY 2025 guidance at EPS. Sell-side analysts predict that SES AI Corporation will post -0.23 EPS for the current year.

Hedge Funds Weigh In On SES AI

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in SES AI by 21.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock worth $18,509,000 after buying an additional 1,927,945 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SES AI in the first quarter worth $1,064,000. Two Sigma Investments LP increased its position in SES AI by 183.3% during the third quarter. Two Sigma Investments LP now owns 1,891,079 shares of the company’s stock worth $3,158,000 after acquiring an additional 1,223,673 shares during the period. Charles Schwab Investment Management Inc. raised its stake in SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock valued at $625,000 after purchasing an additional 151,420 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in 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 period. 29.78% of the stock is currently owned by 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.