Take off with SES AI Corporation (SES): Get ready for trading

SES AI Corporation (NYSE: SES) stock jumped 4.85% on Monday to $3.46 against a previous-day closing price of $3.30. With 0.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.45 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.5100 whereas the lowest price it dropped to was $3.3311. The 52-week range on SES shows that it touched its highest point at $10.18 and its lowest point at $2.97 during that stretch. It currently has a 1-year price target of $7.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SES was down-trending over the past week, with a drop of -2.54%, but this was down by -4.68% over a month. Three-month performance dropped to -39.19% while six-month performance fell -26.07%. The stock lost -65.26% in the past year, while it has gained 9.84% so far this year. A look at the trailing 12-month EPS for SES yields -0.35 with Next year EPS estimates of -0.38.

Float and Shares Shorts:

At present, 311.68 million SES shares are outstanding with a float of 213.07 million shares on hand for trading. On Dec 29, 2022, short shares totaled 5.57 million, which was 1.59% higher than short shares on Nov 29, 2022. In addition to Dr. Qichao Hu as the firm’s Founder, Chairman & CEO, Mr. Rohit Makharia serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 41.34% of SES’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.17% of SES, in contrast to 25.00% held by mutual funds. Shares owned by individuals account for 14.62%. As the largest shareholder in SES with 10.30% of the stake, Temasek Holdings Pte Ltd. holds 31,515,045 shares worth 31,515,045. A second-largest stockholder of SES, The Vanguard Group, Inc., holds 10,842,838 shares, controlling over 3.54% of the firm’s shares. Koch Industries, Inc. is the third largest shareholder in SES, holding 5,000,000 shares or 1.63% stake. With a 1.20% stake in SES, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,668,700 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.03% of SES stock, is the second-largest Mutual Fund holder. It holds 3,146,358 shares valued at 9.91 million. Invesco WilderHill Clean Energy E holds 0.97% of the stake in SES, owning 2,957,291 shares worth 9.32 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, SES reported revenue of $0.00 and operating income of -$19.06M. It generated $9.02M net income for the quarter, which came to -$34.98M over the last twelve months. The EBITDA in the recently reported quarter was -$47.44M and diluted EPS was $0.03. EBITDA for the full year was -$10.45M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SES since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SES analysts setting a high price target of $7.00 and a low target of $7.00, the average target price over the next 12 months is $7.00. Based on these targets, SES could surge 102.31% to reach the target high and rise by 102.31% to reach the target low. Reaching the average price target will result in a growth of 102.31% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SES will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.21 being high and -$0.23 being low. For SES, this leads to a yearly average estimate of -$0.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SES AI Corporation surprised analysts by -$0.00 when it reported -$0.08 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.06.

Summary of Insider Activity:

Insiders traded SES stock several times over the past three months with 10 Buys and 13 Sells. In these transactions, 252,199 shares were bought while 285,309 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 2,574,485 while 762,957 shares were sold.

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