SES AI (NYSE:SES) Shares Up 9% – Should You Buy?

SES AI Corporation (NYSE:SES) shot up 9% on Thursday . The stock traded as high as $2.05 and last traded at $1.9950. 2,188,515 shares were traded during trading, a decline of 87% from the average session volume of 17,353,262 shares. The stock had previously closed at $1.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald raised their target price on SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SES AI has a consensus rating of “Hold” and an average target price of $4.00.

SES AI Stock Up 1.9%

The business’s 50 day simple moving average is $2.22 and its two-hundred day simple moving average is $1.43. The stock has a market cap of $682.07 million, a P/E ratio of -6.63 and a beta of 0.54.

SES AI (NYSE:SES) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $7.12 million for the quarter, compared to analyst estimates of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. SES AI has set its FY 2025 guidance at EPS. As a group, research analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at SES AI

In related news, insider Hong Gan sold 150,000 shares of SES AI stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $1.90, for a total transaction of $285,000.00. Following the sale, the insider directly owned 1,253,286 shares in the company, valued at $2,381,243.40. This trade represents a 10.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.80% of the company’s stock.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently made changes to their positions in SES. Vanguard Group Inc. raised its stake in SES AI by 21.1% during 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 SES AI in the 1st quarter valued at $1,064,000. Two Sigma Investments LP increased its stake in SES AI by 183.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,891,079 shares of the company’s stock valued at $3,158,000 after purchasing an additional 1,223,673 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SES AI by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock valued at $625,000 after buying an additional 151,420 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of SES AI by 2,314.7% during the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after buying an additional 1,090,875 shares during the last quarter. Institutional investors own 29.78% of the company’s stock.

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.