In the last trading session, 51.24 million shares of the SES AI Corporation (NYSE:SES) were traded, and its beta was 0.38. Most recently the company’s share price was $0.93, and it changed around -$0.11 or -10.58% from the last close, which brings the market valuation of the company to $335.34M. SES currently trades at a discount to its 52-week high of $2.53, offering almost -172.04% off that amount. The share price’s 52-week low was $0.20, which indicates that the current value has risen by an impressive 78.49% since then. We note from SES AI Corporation’s average daily trading volume that its 10-day average is 36.26 million shares, with the 3-month average coming to 15.22 million.
SES AI Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended SES as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. SES AI Corporation is expected to report earnings per share of -0.09 for the current quarter.
SES AI Corporation (NYSE:SES) trade information
Instantly SES has showed a red trend with a performance of -10.58% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2497 on recent trading dayincreased the stock’s daily price by 25.58%. The company’s shares are currently down -57.53% year-to-date, but still down -26.77% over the last five days. On the other hand, SES AI Corporation (NYSE:SES) is 125.84% up in the 30-day period. We can see from the shorts that 17.7 million shares have been sold at a short interest cover period of 0.75 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 38.0% from its current value. Analyst projections state that SES is forecast to be at a low of $1.5 and a high of $1.5.
SES AI Corporation (SES) estimates and forecasts
SES AI Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.60 percent over the past six months and at a -35.29% annual growth rate that is well below the industry average of 8.00%.
SES Dividends
SES AI Corporation’s next quarterly earnings report is expected to be released in February.
SES AI Corporation (NYSE:SES)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.96% of SES AI Corporation shares, and 32.09% of them are in the hands of institutional investors. The stock currently has a share float of 39.60%. SES AI Corporation stock is held by 128.0 institutions, with TEMASEK HOLDINGS (PRIVATE) LTD being the largest institutional investor. By 2024-06-30, it held 10.8773% of the shares, which is about 34.68 million shares worth $43.34 million.
GENERAL MOTORS HOLDINGS LLC, with 10.3693% or 33.06 million shares worth $41.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 3.88 shares worth $3.61 million, making up 1.23% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.53 shares worth around $3.29 million, which represents about 1.12% of the total shares outstanding.
