In last trading session, SES AI Corporation (NYSE:SES) saw 0.68 million shares changing hands with its beta currently measuring 2.80. Company’s recent per share price level of $2.49 trading at $0.15 or 6.41% at ring of the bell on the day assigns it a market valuation of $875.81M. That closing price of SES’s stock is at a discount of -104.42% from its 52-week high price of $5.09 and is indicating a premium of 46.59% from its 52-week low price of $1.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 509.71K if we extend that period to 3-months.
For SES AI Corporation (SES), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.
SES AI Corporation (NYSE:SES) trade information
Upright in the green during last session for gaining 6.41%, in the last five days SES remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $2.49 price level, adding 3.11% to its value on the day. SES AI Corporation’s shares saw a change of -20.95% in year-to-date performance and have moved 28.35% in past 5-day. SES AI Corporation (NYSE:SES) showed a performance of 18.01% in past 30-days. Number of shares sold short was 8.31 million shares which calculate 17.63 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4.00 to the stock, which implies a rise of 37.75% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $4.00. It follows that stock’s current price would drop -60.64% in reaching the projected high whereas dropping to the targeted low would mean a loss of -60.64% for stock’s current value.
SES AI Corporation (SES) estimates and forecasts
Statistics highlight that SES AI Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 70.55% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 1.40.
SES AI Corporation is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
SES AI Corporation (NYSE:SES)’s Major holders
Insiders are in possession of 31.06% of company’s total shares while institution are holding 39.87 percent of that, with stock having share float percentage of 57.83%. Investors also watch the number of corporate investors in a company very closely, which is 39.87% institutions for SES AI Corporation that are currently holding shares of the company. Temasek Holdings (Private) Limited is the top institutional holder at SES for having 34.68 million shares of worth $84.61 million. And as of Jun 29, 2023, it was holding 11.28% of the company’s outstanding shares.
The second largest institutional holder is General Motors Holdings LLC, which was holding about 33.06 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.75% of outstanding shares, having a total worth of $80.66 million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 4.61 million shares of worth $9.73 million or 1.50% of the total outstanding shares. The later fund manager was in possession of 3.67 million shares on Jun 29, 2023, making its stake of worth around $8.95 million in the company or a holder of 1.19% of company’s stock.