SES AI Corporation (NYSE: SES) Continues To Thrive In 2024, As Its Stock Is Down -54.63% Year-To-Date

During the last session, SES AI Corporation (NYSE:SES)’s traded shares were 0.44 million, with the beta value of the company hitting 2.51. At the end of the trading day, the stock’s price was $0.83, reflecting an intraday loss of -9.63% or -$0.09. The 52-week high for the SES share is $2.91, that puts it down -250.6 from that peak though still a striking -2.41% loss since the share price plummeted to a 52-week low of $0.85. The company’s market capitalization is $296.83M, and the average intraday trading volume over the past 10 days was 0.53 million shares, and the average trade volume was 670.13K shares over the past three months.

SES AI Corporation (SES) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. SES has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.

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SES AI Corporation (NYSE:SES) trade information

SES AI Corporation (SES) registered a -9.63% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.63% in intraday trading to $0.83, hitting a weekly high. The stock’s 5-day price performance is -21.68%, and it has moved by -38.50% in 30 days. Based on these gigs, the overall price performance for the year is -68.31%. The short interest in SES AI Corporation (NYSE:SES) is 7.09 million shares and it means that shorts have 7.74 day(s) to cover.

SES AI Corporation (SES) estimates and forecasts

Statistics show that SES AI Corporation has underperformed its competitors in share price, compared to the industry in which it operates. SES AI Corporation (SES) shares have gone down -34.11% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -200.00% this quarter and then drop -333.30% in the quarter after that.

While earnings are projected to return -65.78% in 2024.

SES Dividends

SES AI Corporation is due to release its next quarterly earnings 2024-Jul-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

SES AI Corporation (NYSE:SES)’s Major holders

SES AI Corporation insiders own 24.19% of total outstanding shares while institutional holders control 44.11%, with the float percentage being 58.18%. TEMASEK HOLDINGS (PRIVATE) LTD is the largest shareholder of the company, while 121.0 institutions own stock in it. As of 2024-03-31, the company held over 34.68 million shares (or 10.8773% of all shares), a total value of $58.26 million in shares.

The next largest institutional holding, with 33.06 million shares, is of GENERAL MOTORS HOLDINGS LLC’s that is approximately 10.3693% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $55.53 million.

Also, the Mutual Funds coming in first place with the largest holdings of SES AI Corporation (SES) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund . Data provided on Jun 30, 2024 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 3.96 shares. This amounts to just over 1.26 percent of the company’s overall shares, with a $3.29 million market value. The same data shows that the other fund manager holds slightly less at 3.67, or about 1.17% of the stock, which is worth about $3.05 million.