SES AI (NYSE:SES) Stock Price Up 10.7% Following Analyst Upgrade

SES AI Corporation (NYSE:SES)’s stock price was up 10.7% during mid-day trading on Friday after Cantor Fitzgerald raised their price target on the stock from $2.00 to $4.00. Cantor Fitzgerald currently has an overweight rating on the stock. SES AI traded as high as $2.42 and last traded at $2.4250. Approximately 10,460,153 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 17,757,332 shares. The stock had previously closed at $2.19.

Separately, Weiss Ratings reissued 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.00.

Hedge Funds Weigh In On SES AI

Several institutional investors and hedge funds have recently made changes to their positions in SES. Vanguard Group Inc. increased its position in SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock worth $18,509,000 after purchasing an additional 1,927,945 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in SES AI during the first quarter worth approximately $1,064,000. Charles Schwab Investment Management Inc. lifted its stake in shares of SES AI by 14.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock valued at $625,000 after purchasing an additional 151,420 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock worth $593,000 after purchasing an additional 1,090,875 shares during the period. Finally, Invesco Ltd. raised its holdings in SES AI by 3.1% during the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company’s stock valued at $817,000 after buying an additional 27,765 shares during the period. Institutional investors own 29.78% of the company’s stock.

SES AI Price Performance

The firm has a market cap of $894.19 million, a P/E ratio of -8.73 and a beta of 0.54. The stock’s 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $1.35.

SES AI (NYSE:SES) last posted its earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $7.12 million for the quarter, compared to analysts’ expectations of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 34.07%. SES AI has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that SES AI Corporation will post -0.23 earnings per share for the current year.

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.