Is SES AI Corporation (NYSE: SES) Poised For Further Gains At A 71.83% Distance From The Low?

EVTL

SES AI Corporation (NYSE:SES)’s traded shares stood at 48.66 million during the last session, with the company’s beta value hitting 2.15. At the close of trading, the stock’s price was $0.71, to imply an increase of 36.33% or $0.19 in intraday trading. The SES share’s 52-week high remains $2.02, putting it -184.51% down since that peak but still an impressive 71.83% since price per share fell to its 52-week low of $0.20. The company has a valuation of $349.03M, with an average of 8.87 million shares in intraday trading volume over the past 10 days and average of 3.58 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for SES AI Corporation (SES), translating to a mean rating of 3.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SES a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

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SES AI Corporation (NYSE:SES) trade information

After registering a 36.33% upside in the last session, SES AI Corporation (SES) has traded red over the past five days. The 5-day price performance for the stock is 96.73%, and 143.62% over 30 days. With these gigs, the year-to-date price performance is -59.29%. Short interest in SES AI Corporation (NYSE:SES) saw shorts transact 5.8 million shares and set a 1.43 days time to cover.

The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, SES has been trading -111.27% off suggested target high and -111.27% from its likely low.

SES AI Corporation (SES) estimates and forecasts

Looking at statistics comparing SES AI Corporation share performance against respective industry, we note that the company has underperformed competitors. SES AI Corporation (SES) shares are -41.80% down over the last 6 months, with its year-to-date growth rate lower than industry average at -35.29% against 6.40%.

SES Dividends

SES AI Corporation has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

SES AI Corporation insiders hold 18.96% of total outstanding shares, with institutional holders owning 37.09% of the shares at 45.76% float percentage. In total, 37.09% institutions holds shares in the company, led by TEMASEK HOLDINGS (PRIVATE) LTD. As of 2024-06-30, the company held over 34.68 million shares (or 10.8773% of shares), all amounting to roughly $43.34 million.

The next major institution holding the largest number of shares is GENERAL MOTORS HOLDINGS LLC with 33.06 million shares, or about 10.3693% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $41.32 million.