SES AI (NYSE:SES) Shares Down 4.6% – Here’s What Happened

Shares of SES AI Corporation (NYSE:SES) traded down 4.6% during trading on Thursday . The stock traded as low as $2.40 and last traded at $2.37. 1,908,333 shares traded hands during trading, a decline of 89% from the average session volume of 18,005,188 shares. The stock had previously closed at $2.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SES AI in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.00.

SES AI Trading Up 7.0%

The company’s fifty day moving average is $1.83 and its two-hundred day moving average is $1.24. The stock has a market cap of $927.10 million, a price-to-earnings ratio of -8.18 and a beta of 0.50.

SES AI (NYSE:SES) last posted its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $3.53 million for the quarter, compared to analysts’ expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Analysts predict that SES AI Corporation will post -0.23 EPS for the current year.

Institutional Trading of SES AI

Several institutional investors have recently added to or reduced their stakes in SES. CWM LLC increased its holdings in SES AI by 1,427.9% in the 1st quarter. CWM LLC now owns 55,462 shares of the company’s stock valued at $29,000 after purchasing an additional 51,832 shares during the last quarter. Signaturefd LLC acquired a new position in shares of SES AI in the first quarter worth $26,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SES AI in the first quarter worth $1,064,000. Charles Schwab Investment Management Inc. grew its stake in shares of SES AI by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock worth $625,000 after acquiring an additional 151,420 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of SES AI by 1,537.2% in the first quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock worth $465,000 after acquiring an additional 837,982 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.