In the last trading session, 10.8 million SES AI Corporation (NYSE:SES) shares changed hands as the company’s beta touched 0.57. With the company’s per share price at $0.52 changed hands at $0.01 or 2.71% during last session, the market valuation stood at $191.01M. SES’s last price was a discount, traded about -386.54% off its 52-week high of $2.53. The share price had its 52-week low at $0.20, which suggests the last value was 61.54% up since then. When we look at SES AI Corporation’s average trading volume, we note the 10-day average is 24.13 million shares, with the 3-month average coming to 29.50 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 -0.06.
SES AI Corporation (NYSE:SES) trade information
Instantly SES was in green as seen at the end of in last trading. With action -3.59%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -76.08%, with the 5-day performance at -3.59% in the red. However, in the 30-day time frame, SES AI Corporation (NYSE:SES) is -2.11% down. Looking at the short shares, we see there were 19.84 million shares sold at short interest cover period of 1.25 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 65.33% from its current 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 -188.46% plunge from its current level, while the stock would need to soar -188.46% for it to hit the projected low.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 2M. 1 analysts are of the opinion that SES AI Corporation’s revenue for the current quarter will be 4M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -646.96%. The 2025 estimates are for SES AI Corporation earnings to increase by 24.15%, but the outlook for the next 5-year period is at 59.89% per year.
SES Dividends
SES AI Corporation is expected to release its next quarterly earnings report on 2025-Feb-24.
SES AI Corporation (NYSE:SES)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.94% of SES AI Corporation shares while 32.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.91%. There are 32.32% 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 10.808% 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 10.3033% or 33.06 million shares worth $41.32 million as of 2024-06-30.
