Stocks of SES AI Corporation (NYSE:SES) traded higher last session on Wall Street, down -3.67% to $3.15.
According to the data, SES AI Corporation (NYSE:SES) has 2 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $7.00, we find $7.00. Given the previous closing price of $3.27, this indicates a potential upside of 114.07 percent. SES stock price is now -33.61% away from the 50-day moving average and -43.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.14B.
A total of 2 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
On September 14, 2022, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $7.
In other news, Nealis Jing, CHIEF FINANCIAL OFFICER sold 35 shares of the company’s stock on Dec 20. The stock was sold for $121 at an average price of $3.46. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 1,469,388 shares in the company, valued at $4.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19, CHIEF FINANCIAL OFFICER Nealis Jing sold 17,155 shares of the business’s stock. A total of $61,597 was realized by selling the stock at an average price of $3.59. This leaves the insider owning 1,469,423 shares of the company worth $4.63 million. Insiders disposed of 662,398 shares of company stock worth roughly $2.09 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SES stock. A new stake in SES AI Corporation shares was purchased by SPRING CREEK CAPITAL LLC during the first quarter worth $15,750,000. MILLENNIUM MANAGEMENT LLC invested $134,000 in shares of SES during the first quarter. In the first quarter, ZURCHER KANTONALBANK (ZURICH CANTONALBANK) acquired a new stake in SES AI Corporation valued at approximately $60,000. VIRTU FINANCIAL LLC acquired a new stake in SES for approximately $47,000. EXCHANGE TRADED CONCEPTS, LLC purchased a new stake in SES valued at around $45,000 in the second quarter. In total, there are 83 active investors with 41.80% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $3.2400 for SES AI Corporation (NYSE: SES). During the past 12 months, SES AI Corporation has had a low of $3.13 and a high of $10.18. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 23.80, and a quick ratio of 23.80. The fifty day moving average price for SES is $4.6826 and a two-hundred day moving average price translates $5.5308 for the stock.
The latest earnings results from SES AI Corporation (NYSE: SES) was released for Jun, 2022. The company reported revenue of $21.73 million for the quarter, compared to $10.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.3 percent.
SES AI Corporation(SES) Company Profile
SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.