SES AI (NYSE:SES) Announces Earnings Results

SES AI (NYSE:SES) released its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), FiscalAI reports. SES AI had a negative return on equity of 34.07% and a negative net margin of 490.03%.The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $4.58 million. SES AI updated its FY 2025 guidance to EPS.

SES AI Stock Performance

Shares of NYSE:SES traded down $0.04 during midday trading on Friday, hitting $2.16. The company’s stock had a trading volume of 4,787,845 shares, compared to its average volume of 17,738,645. The stock has a market capitalization of $788.13 million, a price-to-earnings ratio of -7.70 and a beta of 0.54. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $1.35. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $3.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after acquiring an additional 1,927,945 shares during the last quarter. AQR Capital Management LLC lifted its stake in SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after buying an additional 1,090,875 shares during the period. Baird Financial Group Inc. bought a new position in shares of SES AI during the 2nd quarter worth approximately $689,000. Brevan Howard Capital Management LP bought a new stake in SES AI during the 2nd quarter worth approximately $205,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of SES AI by 225.5% during the second quarter. Tower Research Capital LLC TRC now owns 93,051 shares of the company’s stock worth $83,000 after acquiring an additional 64,461 shares in the last quarter. 29.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.