SES AI Corporation (NYSE: SES) stock fell -5.63% on Tuesday to $1.51 against a previous-day closing price of $1.60. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.6600 whereas the lowest price it dropped to was $1.5100. The 52-week range on SES shows that it touched its highest point at $7.64 and its lowest point at $1.33 during that stretch. It currently has a 1-year price target of $4.00.
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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 up-trending over the past week, with a rise of 9.42%, but this was down by -19.25% over a month. Three-month performance dropped to -50.00% while six-month performance fell -67.94%. The stock lost -79.84% in the past year, while it has lost -52.06% so far this year. A look at the trailing 12-month EPS for SES yields -0.13 with Next year EPS estimates of -0.45. For the next quarter, that number is -0.09. This implies an EPS growth rate of 48.30% for this year and -45.20% for next year.
Float and Shares Shorts:
At present, 313.42 million SES shares are outstanding with a float of 212.90 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.3 million, which was 1.23% higher than short shares on Mar 30, 2023. 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 40.63% of SES’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.20% of SES, in contrast to 35.75% held by mutual funds. Shares owned by individuals account for 13.54%. 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 11,138,807 shares, controlling over 3.64% of the firm’s shares. Invesco Capital Management LLC is the third largest shareholder in SES, holding 3,341,043 shares or 1.09% stake. With a 1.20% stake in SES, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,668,700 shares are owned by the mutual fund manager. The Invesco WilderHill Clean Energy E, which owns about 1.05% of SES stock, is the second-largest Mutual Fund holder. It holds 3,215,847 shares valued at 5.24 million. Vanguard Small Cap Index Fund holds 1.05% of the stake in SES, owning 3,205,628 shares worth 5.23 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 Mar 30, 2023, 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 -$48.02M 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 0 analysts follow the stock currently. 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 $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, SES could surge 164.9% to reach the target high and rise by 164.9% to reach the target low. Reaching the average price target will result in a growth of 164.9% 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.
Summary of Insider Activity:
Insiders traded SES stock several times over the past three months with 11 Buys and 7 Sells. In these transactions, 2,008,371 shares were bought while 206,813 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 2,611,018 while 993,440 shares were sold.
