SES AI Corporation (NYSE:SES) saw a downside of -9.30% to close Friday at $1.95 after subtracting -$0.2 on the day. The 5-day average trading volume is 496,880 shares of the company’s common stock. It has gained $2.2600 in the past week and touched a new high 3 times within the past 5 days. An average of 480,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 585,056.
SES’s 1-month performance is -4.88% or -$0.1800 on its low of $1.8800 reached on 09/22/23. The company’s shares have touched a 52-week low of $1.33 and high of $6.42, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, SES has lost -38.10% or -$1.2000 and has reached a new high 6 times. However, the current price is down -69.63% from the 52-week high price.
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Insider Transactions
SES stock investors last saw insider trading activity on Sep 18.Nealis Jing (CHIEF FINANCIAL OFFICER) most recently sold 11,280 shares at $2.13 per share on Sep 18. This transaction cost the insider $24,072. CHIEF SCIENCE OFFICER, Gan Hong, sold 50,000 shares at a price of $2.19 on Sep 11. Then, on Aug 23, PRES. & CHIEF STRATEGY OFFICER Makharia Rohit sold 208,810 shares at a price of $2.13 per share. This transaction amounted to $444,222.
Valuation Metrics
SES stock has a beta of 2.74. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.83.
SES AI Corporation’s quick ratio for the period ended June 29 was 22.25, with the current ratio over the same period at 22.27. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.03. The firm’s gross profit as reported stood at $29.84 million against revenue of $79.57 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 169.65% to -$12.95 million, while revenue of -$16.23 million was -25.33% off the previous quarter. Analysts expected SES to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.04, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$18.01 million. SES stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 43.43 million, with total debt at $12.57 million. Shareholders hold equity totaling $351.31 million.
Let’s look briefly at SES AI Corporation (SES) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 34.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 64.37%.
The stock’s 5-day moving average is $2.0940, reflecting a -10.96% or -$0.2400 change from its current price. SES is currently trading unch above its 20-day SMA, +24.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -29.35% and SMA200 by-55.68%.
Stochastic %K and %D was 44.60% and 48.05% and the average true range (ATR) pointed at 0.1649. The RSI (14) points at 38.21%, while the 14-day stochastic is at 17.28% with the period’s ATR at 0.1664. The stock’s 9-day MACD Oscillator is pointing at -0.0444 and -0.0355 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SES AI Corporation (NYSE: SES), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for SES stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SES as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is SES’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $4.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for SES AI Corporation (SES) stock is $4.00.
