SES AI (NYSE:SES) Shares Up 9.1% – What’s Next?

Shares of SES AI Corporation (NYSE:SES) shot up 9.1% during mid-day trading on Thursday . The company traded as high as $1.42 and last traded at $1.3850. 3,090,285 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 8,539,592 shares. The stock had previously closed at $1.27.

Trending Headlines about SES AI

Here are the key news stories impacting SES AI this week:

• Negative Sentiment: Multiple law firms are actively promoting class action lawsuits against SES AI, keeping legal risk and potential liability front and center for investors. Article Title
• Negative Sentiment: The lawsuits allege SES AI’s revenue expectations were unrealistic and highlight weak guidance, which reinforces concerns about the company’s near-term business outlook. Article Title
• Neutral Sentiment: Insider Kyle Pilkington sold 25,000 shares under a Rule 10b5-1 plan, which limits how bearish investors should read the transaction. Article Title

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SES. Wall Street Zen upgraded SES AI from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $1.40 price target on shares of SES AI in a research note on Monday, April 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of SES AI in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SES AI presently has a consensus rating of “Hold” and a consensus target price of $2.70.

SES AI Stock Performance

The firm’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.62. The firm has a market cap of $522.43 million, a P/E ratio of -6.43 and a beta of 0.84.

SES AI (NYSE:SES) last released its quarterly earnings data on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). SES AI had a negative net margin of 331.72% and a negative return on equity of 28.65%. The company had revenue of $6.71 million for the quarter, compared to the consensus estimate of $3.65 million. On average, equities research analysts predict that SES AI Corporation will post -0.16 earnings per share for the current year.

Insider Activity at SES AI

In related news, insider Kyle Pilkington sold 25,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the transaction, the insider owned 1,023,548 shares of the company’s stock, valued at approximately $1,228,257.60. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SES. CTC Alternative Strategies Ltd. bought a new position in shares of SES AI in the 1st quarter valued at about $26,000. State of Wyoming bought a new position in shares of SES AI in the 1st quarter valued at about $26,000. Gainplan LLC bought a new stake in SES AI in the fourth quarter worth about $30,000. Hudson Bay Capital Management LP bought a new stake in SES AI in the second quarter worth about $31,000. Finally, SummitTX Capital L.P. purchased a new position in shares of SES AI during the first quarter worth approximately $33,000. Institutional investors own 29.78% of the company’s stock.

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.