SES AI Corporation (NYSE:SES) has a beta value of 0.40 and has seen 43.52 million shares traded in the last trading session. The company, currently valued at $960.77M, closed the last trade at $2.25 per share which meant it gained $0.35 on the day or 18.42% during that session. The SES stock price is -9.78% off its 52-week high price of $2.47 and 91.11% above the 52-week low of $0.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 52.35 million shares traded. The 3-month trading volume is 10.37 million shares.
The consensus among analysts is that SES AI Corporation (SES) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
SES AI Corporation (NYSE:SES) trade information
Sporting 18.42% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SES stock price touched $2.25 or saw a rise of 8.91%. Year-to-date, SES AI Corporation shares have moved 2.74%, while the 5-day performance has seen it change 58.45%. Over the past 30 days, the shares of SES AI Corporation (NYSE:SES) have changed 518.47%. Short interest in the company has seen 6.48 million shares shorted with days to cover at 1.59.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could drop -50.0% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is 33.33% off the targeted high while a plunge would see the stock lose 33.33% from current levels.
SES AI Corporation (SES) estimates and forecasts
Figures show that SES AI Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 102.70% over the past 6 months, with this year growth rate of -35.29%, compared to 5.70% for the industry.
SES Dividends
SES AI Corporation is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SES AI Corporation (NYSE:SES)’s Major holders
Insiders own 18.96% of the company shares, while shares held by institutions stand at 37.09% with a share float percentage of 45.76%. Investors are also buoyed by the number of investors in a company, with SES AI Corporation having a total of 127.0 institutions that hold shares in the company. The top two institutional holders are TEMASEK HOLDINGS (PRIVATE) LTD with over 34.68 million shares worth more than $43.34 million. As of 2024-06-30, TEMASEK HOLDINGS (PRIVATE) LTD held 10.8773% of shares outstanding.
The other major institutional holder is GENERAL MOTORS HOLDINGS LLC, with the holding of over 33.06 million shares as of 2024-06-30. The firm’s total holdings are worth over $41.32 million and represent 10.3693% of shares outstanding.
