SES AI Corporation (NYSE:SES) price on Thursday, March 20, fall -3.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.53.
A look at the stock’s price movement, the close in the last trading session was $0.55, moving within a range at $0.5001 and $0.5464. The beta value (5-Year monthly) was 0.402. Turning to its 52-week performance, $2.53 and $0.20 were the 52-week high and 52-week low respectively. Overall, SES moved -46.82% over the past month.
SES AI Corporation’s market cap currently stands at around $193.93 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 2M for the company’s revenue for the quarter, with a low and high estimate of 2M and 2M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SES is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SES as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SES’s current price about -11.48% and -40.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.13, while 7-day volatility ratio is 19.95% and 15.76% in the 30-day chart. Further, SES AI Corporation (SES) has a beta value of 0.51, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is -183.02% off current price level while to achieve the yearly target high, price needs to move -183.02%. Nonetheless, investors will most likely welcome a -183.02% jump to $1.5 which is the analysts’ median price.
If we refocus on SES AI Corporation (NYSE:SES), historical trading data shows that trading volumes averaged 41.23 over the past 10 days and 34.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 317.68 million shares.
The 39.92% of SES AI Corporation’s shares are in the hands of company insiders while institutional holders own 19.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.41 million on 2025-02-28, giving us a short ratio of 1.01. The data shows that as of 2025-02-28 short interest in SES AI Corporation (SES) stood at 927.9999999999999 of shares outstanding, with shares short falling to 20.14 million registered in 2025-01-31. Current price change has pushed the stock -75.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SES stock continues to rise going into the next quarter.
