SES AI Corporation (NYSE: SES) stock jumped 6.41% on Friday to $2.49 against a previous-day closing price of $2.34. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.5000 whereas the lowest price it dropped to was $2.2950. The 52-week range on SES shows that it touched its highest point at $5.09 and its lowest point at $1.33 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 2.80.
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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 28.35%, but this was up by 18.01% over a month. Three-month performance surged to 19.71% while six-month performance rose 70.55%. The stock lost -51.08% in the past year, while it has lost -20.95% so far this year. A look at the trailing 12-month EPS for SES yields -0.17 with Next year EPS estimates of -0.37. For the next quarter, that number is -0.09. This implies an EPS growth rate of -32.81% for this year and -64.86% for next year.
Float and Shares Shorts:
At present, 305.83 million SES shares are outstanding with a float of 167.95 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.31 million, which was 2.36% higher than short shares on Sep 28, 2023. In addition to Dr. Qichao Hu as the firm’s Founder, Chairman & CEO, Mr. Rohit Makharia serves as its President & Chief Strategy Officer.
Institutional Ownership:
Through their ownership of 39.87% of SES’s outstanding shares, institutional investors have minority control over the company.
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. 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 60.64% to reach the target high and rise by 60.64% to reach the target low. Reaching the average price target will result in a growth of 60.64% from current levels.
Summary of Insider Activity:
Insiders traded SES stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 258,810 shares were bought while 270,090 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 2,757,094 while 1,054,384 shares were sold.
