SES AI Corporation (NYSE: SES) is -53.54% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $2.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SES stock was last observed hovering at around $0.85 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.85, the stock is -17.04% and -21.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.67 million and changing 0.21% at the moment leaves the stock -39.16% off its SMA200. SES registered -59.70% loss for a year compared to 6-month loss of -47.19%.
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The stock witnessed a -14.97% gain in the last 1 month and extending the period to 3 months gives it a -26.06%, and is -18.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.04% over the week and 7.81% over the month.
SES AI Corporation (SES) has around 300 employees, a market worth around $304.02M and $0.00M in sales. Distance from 52-week low is 4.88% and -68.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.51%).
SES AI Corporation quarterly earnings per share for the current quarter are estimated at -0.12.The EPS is expected to shrink by -71.43% this year
115.0 institutions hold shares in SES AI Corporation (SES), with institutional investors hold 57.84% of the company’s shares. The shares outstanding are 310.27M, and float is at 163.07M with Short Float at 5.00%. Institutions hold 43.86% of the Float.
The top institutional shareholder in the company is TEMASEK HOLDINGS (PRIVATE) LTD with over 34.68 million shares valued at $43.34 million. The investor’s holdings represent 10.8773 of the SES Shares outstanding. As of 2024-06-30, the second largest holder is GENERAL MOTORS HOLDINGS LLC with 33.06 million shares valued at $41.32 million to account for 10.3693 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.54 million shares representing 2.9941 and valued at over $11.93 million, while BLACKROCK INC. holds 2.8346 of the shares totaling 9.04 million with a market value of $11.3 million.
SES AI Corporation (SES) Insider Activity
The most recent transaction is an insider sale by Temasek Holdings (Private) Ltd, the company’s 10% Owner. SEC filings show that Temasek Holdings (Private) Ltd sold 1,380,656 shares of the company’s common stock on Sep 17 ’24 at a price of $1.14 per share for a total of $1.57 million. Following the sale, the insider now owns 4.02 million shares.
SES AI Corporation disclosed in a document filed with the SEC on Sep 18 ’24 that Temasek Holdings (Private) Ltd (10% Owner) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $0.87 per share for $0.87 million. Following the transaction, the insider now directly holds 3.02 million shares of the SES stock.
Still, SEC filings show that on Sep 16 ’24, Nealis Jing (CHIEF FINANCIAL OFFICER) disposed off 32,487 shares at an average price of $1.02 for $33237.0. The insider now directly holds 1,979,422 shares of SES AI Corporation (SES).
