SES AI Corporation: Why Investors Shouldn’t Get Rid Of SES Stock In 2024

In the last trading session, 1.05 million shares of the SES AI Corporation (NYSE:SES) were traded, and its beta was 2.73. Most recently the company’s share price was $1.29, and it changed around $0.14 or 12.17% from the last close, which brings the market valuation of the company to $457.90M. SES currently trades at a discount to its 52-week high of $3.21, offering almost -148.84% off that amount. The share price’s 52-week low was $1.14, which indicates that the current value has risen by an impressive 11.63% since then. We note from SES AI Corporation’s average daily trading volume that its 3-month average coming to 568.67K.

SES AI Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SES as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. SES AI Corporation is expected to report earnings per share of -$0.05 for the current quarter.

SES AI Corporation (NYSE:SES) trade information

Instantly SES has showed a green trend with a performance of 12.17% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -29.51% year-to-date, but still down -16.23% over the last five days. On the other hand, SES AI Corporation (NYSE:SES) is -17.83% down in the 30-day period.

SES AI Corporation (SES) estimates and forecasts

SES AI Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -39.72 percent over the past six months and at a -41.18% annual growth rate that is well below the industry average of 5.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -66.70% in revenue this quarter, and will report a decrease of -25.00% in the next quarter.

SES Dividends

SES AI Corporation’s next quarterly earnings report is expected to be released in May.