In the latest trading session, 0.52 million SES AI Corporation (NYSE:SES) shares changed hands as the company’s beta touched 2.19. With the company’s most recent per share price at $0.45 changing hands around $0.04 or 8.13% at last look, the market valuation stands at $169.82M. SES’s current price is a discount, trading about -395.56% off its 52-week high of $2.23. The share price had its 52-week low at $0.20, which suggests the last value was 55.56% up since then. When we look at SES AI Corporation’s average trading volume, we note the 10-day average is 2.5 million shares, with the 3-month average coming to 3.33 million.
Analysts gave the SES AI Corporation (SES) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SES as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. SES AI Corporation’s EPS for the current quarter is expected to be -0.09.
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SES AI Corporation (NYSE:SES) trade information
Instantly SES is in green as seen in intraday trades today. With action 8.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -75.58%, with the 5-day performance at 8.50% in the green. However, in the 30-day time frame, SES AI Corporation (NYSE:SES) is 48.93% up. Looking at the short shares, we see there were 5.8 million shares sold at short interest cover period of 1.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 70.0% from its recent market value. According to analyst projections, SES’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a -233.33% plunge from its current level, while the stock would need to soar -233.33% for it to hit the projected low.
SES AI Corporation (SES) estimates and forecasts
Data shows that the SES AI Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -65.89% over the past 6 months, a -35.29% in annual growth rate that is considerably lower than the industry average of 6.40%.
The 2024 estimates are for SES AI Corporation earnings to decrease by -72.82%.
SES Dividends
SES AI Corporation is expected to release its next quarterly earnings report in January.
SES AI Corporation (NYSE:SES)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 18.96% of SES AI Corporation shares while 37.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.76%. There are 37.09% institutions holding the SES AI Corporation stock share, with TEMASEK HOLDINGS (PRIVATE) LTD the top institutional holder. As of 2024-06-30, the company held 10.8773% of the shares, roughly 34.68 million SES shares worth $43.34 million.
GENERAL MOTORS HOLDINGS LLC holds the second largest percentage of outstanding shares, with 10.3693% or 33.06 million shares worth $41.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.88 shares estimated at $1.7 million under it, the former controlled 1.23% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.12% of the shares, roughly 3.53 shares worth around $1.54 million.
