During the last session, SES AI Corporation (NYSE:SES)’s traded shares were 29.48 million, with the beta value of the company hitting 0.39. At the end of the trading day, the stock’s price was $2.19, reflecting an intraday loss of -9.50% or -$0.23. The 52-week high for the SES share is $2.47, that puts it down -12.79 from that peak though still a striking 90.87% gain since the share price plummeted to a 52-week low of $0.20. The company’s market capitalization is $714.63M, and the average intraday trading volume over the past 10 days was 46.76 million shares, and the average trade volume was 9.71 million 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 -0.09.
SES AI Corporation (NYSE:SES) trade information
SES AI Corporation (SES) registered a -9.50% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.50% in intraday trading to $2.19, hitting a weekly high. The stock’s 5-day price performance is 320.51%, and it has moved by 525.36% in 30 days. Based on these gigs, the overall price performance for the year is 19.67%. The short interest in SES AI Corporation (NYSE:SES) is 6.48 million shares and it means that shorts have 1.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -46.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, SES is trading at a premium of 31.51% off the target high and 31.51% off the low.
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 up 99.09% during the last six months, with a year-to-date growth rate less than the industry average at -35.29% against 5.50.
While earnings are projected to return -72.82% in 2025.
SES Dividends
SES AI Corporation is due to release its next quarterly earnings in February. 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 18.96% of total outstanding shares while institutional holders control 37.09%, with the float percentage being 45.76%. TEMASEK HOLDINGS (PRIVATE) LTD is the largest shareholder of the company, while 127.0 institutions own stock in it. As of 2024-06-30, the company held over 34.68 million shares (or 10.8773% of all shares), a total value of $43.34 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 2024-06-30, these shares were valued at $41.32 million.
Also, the Mutual Funds coming in first place with the largest holdings of SES AI Corporation (SES) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.88 shares. This amounts to just over 1.23 percent of the company’s overall shares, with a $8.51 million market value. The same data shows that the other fund manager holds slightly less at 3.53, or about 1.12% of the stock, which is worth about $7.74 million.
