SES AI (NYSE:SES) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of SES AI (NYSE:SES) from a sell rating to a hold rating in a research report sent to investors on Friday.

SES has been the subject of several other reports. Cantor Fitzgerald boosted their price objective on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.00.

SES AI Stock Performance

SES AI stock opened at $2.40 on Friday. SES AI has a one year low of $0.38 and a one year high of $3.73. The company has a 50-day simple moving average of $2.03 and a 200-day simple moving average of $1.80. The firm has a market capitalization of $874.34 million, a P/E ratio of -8.55 and a beta of 0.57.

SES AI (NYSE:SES) last issued 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 during the quarter, compared to the consensus estimate of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. As a group, sell-side analysts forecast that SES AI will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Hong Gan sold 100,000 shares of SES AI stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the transaction, the insider directly owned 1,253,286 shares in the company, valued at approximately $3,133,215. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 500,000 shares of company stock valued at $1,108,000 in the last three months. Corporate insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of SES AI in the 2nd quarter worth approximately $676,000. Franklin Resources Inc. acquired a new position in SES AI in the second quarter worth approximately $543,000. Farther Finance Advisors LLC bought a new position in shares of SES AI in the second quarter valued at $125,000. Callan Family Office LLC acquired a new stake in shares of SES AI during the 2nd quarter valued at $38,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of SES AI during the 2nd quarter worth $41,000. 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.