SES AI (NYSE:SES) Announces Quarterly Earnings Results

SES AI (NYSE:SES) posted its quarterly earnings data on Wednesday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02, FiscalAI reports. The firm had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $6.64 million. SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.

SES AI Stock Performance

Shares of SES AI stock traded up $0.13 on Wednesday, reaching $1.68. 20,959,188 shares of the company were exchanged, compared to its average volume of 7,331,340. The firm has a market cap of $613.32 million, a price-to-earnings ratio of -6.00 and a beta of 0.62. SES AI has a 1-year low of $0.38 and a 1-year high of $3.73. The company’s 50-day moving average is $1.97 and its two-hundred day moving average is $1.95.

Wall Street Analyst Weigh In

SES has been the subject of several analyst reports. Cantor Fitzgerald boosted their price target 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 restated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered SES AI from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.00.

Insiders Place Their Bets

In other SES AI news, insider Hong Gan sold 100,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 350,000 shares of company stock valued at $823,000 over the last quarter. 13.80% of the stock is owned by company insiders.

Institutional Trading of SES AI

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in SES AI by 381.3% during the 4th quarter. Virtu Financial LLC now owns 159,360 shares of the company’s stock valued at $287,000 after purchasing an additional 126,248 shares during the period. Invesco Ltd. boosted its position in shares of SES AI by 563.9% during the fourth quarter. Invesco Ltd. now owns 6,814,389 shares of the company’s stock worth $12,266,000 after buying an additional 5,788,018 shares during the period. Janus Henderson Group PLC acquired a new position in shares of SES AI during the fourth quarter worth approximately $220,000. Balyasny Asset Management L.P. bought a new position in SES AI in the 4th quarter worth approximately $144,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in SES AI in the 4th quarter valued at approximately $121,000. Institutional investors and hedge funds 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.