SES AI (NYSE:SES) Shares Gap Down – What’s Next?

SES AI Corporation (NYSE:SES)’s share price gapped down before the market opened 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 subject of a number of analyst reports. Cantor Fitzgerald upped their price objective on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.00.

SES AI Price Performance

The firm has a market cap of $747.90 million, a P/E ratio of -7.30 and a beta of 0.54. The firm’s 50-day moving average price is $2.15 and its 200 day moving average price is $1.40.

SES AI (NYSE:SES) last posted its 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 the consensus estimate of $4.58 million. SES AI has set its FY 2025 guidance at EPS. Analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On SES AI

Large investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC lifted its stake in shares of SES AI by 42.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after acquiring an additional 6,000 shares during the period. Savant Capital LLC boosted its holdings in shares of SES AI by 32.1% in the second quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock worth $52,000 after buying an additional 14,118 shares during the period. Sitrin Capital Management LLC boosted its position in shares of SES AI by 50.0% in the second quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company’s stock worth $53,000 after buying an additional 20,000 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in SES AI by 136.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after acquiring an additional 21,934 shares in the last quarter. Finally, Invesco Ltd. lifted its position in SES AI by 3.1% in the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company’s stock worth $817,000 after buying an additional 27,765 shares in the last quarter. Institutional investors and hedge funds 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.