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Sunday, December 3, 2023

What Are The Chances Of SES AI Corporation (NYSE: SES) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for SES AI Corporation (SES) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -2.36%, to $2.48. The SES AI Corporation has recorded 18,879 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that SES to Host Battery World 2023 and Announce World’s First Automotive B-sample JDA for Li-Metal.

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Stocks Info

As a NYSE listed company, SES falls under the Consumer Cyclical sector while operating within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $2.54 and fluctuated between $2.5700 as its day high and $2.4200 as its day low. The current market capitalization of SES AI Corporation is $893.39M. A total of 0.58 million shares were traded on the day, compared to an average of 512.44K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SES has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 258,810 and the disposition of 270,090 shares. Over the last 12 months, there were 24 BUYs and 30 SELLs from insiders. Insiders purchased 2,757,094 shares during that period but sold 1,054,384.

In the most recent transaction, Nealis Jing sold 10,802 shares of SES for 2.37 per share on Nov 17. After the transaction, the CHIEF FINANCIAL OFFICER now owns 1,521,364 company shares. In a previous transaction on Oct 17, Nealis Jing sold 10,910 shares at 2.51 per share. SES shares that CHIEF FINANCIAL OFFICER owns now total 1,532,166.

Among the insiders who sold shares, Nealis Jing disposed of 11,280 shares on Sep 18 at a per-share price of $2.13. This resulted in the CHIEF FINANCIAL OFFICER holding 1,543,076 shares of SES after the transaction. In another insider transaction, Gan Hong sold 50,000 shares at $2.19 per share on Sep 11. Company shares held by the CHIEF SCIENCE OFFICER now total 451,273.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SES in the last 3 months, the mean price target is $4.00 with high estimates of $4.00 and low estimates of $4.00. In terms of 52-week highs and lows, SES has a high of $5.09 and a low of $1.33.

As of this writing, SES has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.04 in the last quarter, which was 50.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SES’s latest balance sheet shows that the firm has $160.50M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $10.98M in liabilities at the time. Its Book Value Per Share was $1.03, while its Total Shareholder’s Equity was -$88.32M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SES is Buy with a score of 2.50.

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