SES AI (NYSE:SES) Stock Price Up 1.6% – Still a Buy?

SES AI Corporation (NYSE:SES)’s share price traded up 1.6% on Wednesday . The company traded as high as $0.83 and last traded at $0.8210. 22,967,750 shares were traded during mid-day trading, an increase of 136% from the average session volume of 9,733,694 shares. The stock had previously closed at $0.8084.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SES shares. Wall Street Zen raised SES AI from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.40 price objective on shares of SES AI in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.70.

SES AI Stock Down 3.0%

The stock has a market cap of $283.03 million, a PE ratio of -3.51 and a beta of 0.95. The business’s fifty day moving average is $1.06 and its 200 day moving average is $1.41.

SES AI (NYSE:SES) last issued its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). SES AI had a negative net margin of 331.72% and a negative return on equity of 28.65%. The company had revenue of $6.71 million during the quarter, compared to analysts’ expectations of $3.65 million. As a group, analysts predict that SES AI Corporation will post -0.17 EPS for the current year.

Insider Buying and Selling

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the transaction, the insider owned 1,023,548 shares in the company, valued at $1,228,257.60. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SES. CTC Alternative Strategies Ltd. acquired a new stake in SES AI during the first quarter worth about $26,000. State of Wyoming bought a new position in SES AI in the 1st quarter worth about $26,000. Gainplan LLC bought a new position in SES AI in the 4th quarter worth about $30,000. Hudson Bay Capital Management LP acquired a new stake in shares of SES AI in the second quarter valued at approximately $31,000. Finally, SummitTX Capital L.P. acquired a new stake in shares of SES AI in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

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.