SES AI Corporation (NYSE: SES) is -62.32% lower on its value in year-to-date trading and has touched a low of $0.55 and a high of $2.57 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 $0.70 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.69, the stock is 8.64% and -18.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing -1.88% at the moment leaves the stock -44.10% off its SMA200. SES registered -67.78% loss for a year compared to 6-month loss of -46.55%. The firm has a 50-day simple moving average (SMA 50) of $0.84466 and a 200-day simple moving average (SMA200) of $1.23808.
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The stock witnessed a 4.69% gain in the last 1 month and extending the period to 3 months gives it a -42.54%, and is 15.63% up 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 9.34% over the week and 9.22% over the month.
SES AI Corporation (SES) has around 300 employees, a market worth around $246.52M and $0.00M in sales. Distance from 52-week low is 24.44% and -73.17% 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 57.97% of the company’s shares. The shares outstanding are 310.27M, and float is at 165.46M with Short Float at 3.31%. Institutions hold 43.87% 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 SK INC., the company’s 10% Owner. SEC filings show that SK INC. sold 500,000 shares of the company’s common stock on Oct 21 ’24 at a price of $0.69 per share for a total of $0.34 million. Following the sale, the insider now owns 37.65 million shares.
SES AI Corporation disclosed in a document filed with the SEC on Oct 18 ’24 that SK INC. (10% Owner) sold a total of 400,000 shares of the company’s common stock. The trade occurred on Oct 18 ’24 and was made at $0.61 per share for $0.24 million. Following the transaction, the insider now directly holds 38.15 million shares of the SES stock.
Still, SEC filings show that on Oct 16 ’24, SK INC. (10% Owner) disposed off 400,000 shares at an average price of $0.60 for $0.24 million. The insider now directly holds 38,762,803 shares of SES AI Corporation (SES).
