The stock has a 36-month beta value of 2.68. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SES is 160.07M, and at present, short sellers hold a 3.32% of that float. On April 23, 2024, the average trading volume of SES was 560.55K shares.
SES) stock’s latest price update
SES AI Corporation (NYSE: SES) has seen a decline in its stock price by -9.45 in relation to its previous close of 1.27. However, the company has experienced a -33.14% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-18 that WOBURN, Mass.–(BUSINESS WIRE)—- $SES #earnings–SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced it will release its 2024 first quarter business results after market close on Thursday, May 2, 2024. The Company will hold a conference call on Friday, May 3, 2024, at 9:00 a.m. Eastern Time. A webcast of the live conference call will be available through SES’s Investor Relations website, https://investors.ses.ai.
SES’s Market Performance
SES’s stock has fallen by -33.14% in the past week, with a monthly drop of -29.88% and a quarterly drop of -19.01%. The volatility ratio for the week is 11.64% while the volatility levels for the last 30 days are 8.59% for SES AI Corporation The simple moving average for the past 20 days is -24.89% for SES’s stock, with a -42.22% simple moving average for the past 200 days.
Analysts’ Opinion of SES
Wolfe Research, on the other hand, stated in their research note that they expect to see SES reach a price target of $4. The rating they have provided for SES stocks is “Underperform” according to the report published on June 08th, 2023.
SES Trading at -24.57% from the 50-Day Moving Average
After a stumble in the market that brought SES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.17% of loss for the given period.
Volatility was left at 8.59%, however, over the last 30 days, the volatility rate increased by 11.64%, as shares sank -26.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.73% lower at present.
During the last 5 trading sessions, SES fell by -33.14%, which changed the moving average for the period of 200-days by -53.44% in comparison to the 20-day moving average, which settled at $1.5100. In addition, SES AI Corporation saw -37.16% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SES starting from Gan Hong, who sale 25,000 shares at the price of $1.60 back on Apr 01 ’24. After this action, Gan Hong now owns 875,001 shares of SES AI Corporation, valued at $39,970 using the latest closing price.
Gan Hong, the CHIEF SCIENCE OFFICER of SES AI Corporation, sale 25,000 shares at $1.69 during a trade that took place back on Mar 01 ’24, which means that Gan Hong is holding 875,001 shares at $42,252 based on the most recent closing price.
Stock Fundamentals for SES
The total capital return value is set at -0.18. Equity return is now at value -14.23, with -11.31 for asset returns.
Based on SES AI Corporation (SES), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -4.11. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 12.82.
Currently, EBITDA for the company is -72.62 million with net debt to EBITDA at 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 17.13.
Conclusion
To sum up, SES AI Corporation (SES) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
