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SES AI Corporation (SES) Stock Could Soon Reward Patient Investors

SES AI Corporation (NYSE: SES) is -67.28% lower on its value in year-to-date trading and has touched a low of $0.62 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 $0.64 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $0.60, the stock is -32.98% and -39.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -6.41% at the moment leaves the stock -55.27% off its SMA200. SES registered -73.62% loss for a year compared to 6-month loss of -62.10%. The firm has a 50-day simple moving average (SMA 50) of $0.98204 and a 200-day simple moving average (SMA200) of $1.33056.

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The stock witnessed a -44.04% gain in the last 1 month and extending the period to 3 months gives it a -45.56%, and is -9.25% 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 14.04% over the week and 11.23% over the month.

SES AI Corporation (SES) has around 300 employees, a market worth around $214.09M and $0.00M in sales. Distance from 52-week low is -3.75% and -77.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.51%).

The EPS is expected to shrink by -71.43% this year.

SES AI Corporation (SES) Top Institutional Holders

114.0 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 163.08M with Short Float at 4.55%. Institutions hold 43.85% 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 467,143 shares of the company’s common stock on Sep 19 ’24 at a price of $0.90 per share for a total of $0.42 million. Following the sale, the insider now owns 2.55 million shares.

SES AI Corporation disclosed in a document filed with the SEC on Sep 20 ’24 that Temasek Holdings (Private) Ltd (10% Owner) sold a total of 253,119 shares of the company’s common stock. The trade occurred on Sep 20 ’24 and was made at $0.83 per share for $0.21 million. Following the transaction, the insider now directly holds 2.3 million shares of the SES stock.

Still, SEC filings show that on Sep 17 ’24, Temasek Holdings (Private) Ltd (10% Owner) disposed off 1,380,656 shares at an average price of $1.14 for $1.57 million. The insider now directly holds 4,018,044 shares of SES AI Corporation (SES).

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