SES AI (NYSE:SES) Shares Gap Down – Should You Sell?

SES AI Corporation (NYSE:SES) gapped down before the market opened on Friday . The stock had previously closed at $1.99, but opened at $1.83. SES AI shares last traded at $2.0350, with a volume of 5,034,413 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SES shares. Cantor Fitzgerald raised their price objective on SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.00.

SES AI Stock Performance

The company has a 50 day moving average of $2.17 and a two-hundred day moving average of $1.41. The stock has a market capitalization of $729.61 million, a PE ratio of -7.13 and a beta of 0.54.

SES AI (NYSE:SES) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The business had revenue of $7.12 million during the quarter, compared to analyst estimates of $4.58 million. SES AI has set its FY 2025 guidance at EPS. As a group, research analysts predict that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in SES AI by 1,537.2% in the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock worth $465,000 after acquiring an additional 837,982 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of SES AI in the second quarter valued at about $125,000. HITE Hedge Asset Management LLC purchased a new position in shares of SES AI in the first quarter worth about $339,000. Nuveen LLC acquired a new stake in shares of SES AI during the first quarter worth about $233,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SES AI by 14.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock worth $625,000 after purchasing an additional 151,420 shares during the period. Hedge funds and other institutional investors own 29.78% of the company’s stock.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.