Are Things Looking Up For SES AI Corporation (NYSE: SES)?

After Hours

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. Yahoo Finance discussed the stock recently as it posted SES Reports Fourth Quarter and Full Year 2023 Business and Financial Results; Provides 2024 Outlook.

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Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. The current market capitalization of SES AI Corporation is $589.23M. A total of 0.93 million shares were traded on the day, compared to an average of 578.45K shares.

In the most recent transaction, Gan Hong sold 25,000 shares of SES for 1.69 per share on Mar 01 ’24. After the transaction, the CHIEF SCIENCE OFFICER now owns 875,001 company shares. In a previous transaction on Feb 01 ’24, Gan Hong sold 25,000 shares at 1.38 per share. SES shares that CHIEF SCIENCE OFFICER owns now total 451,273.

Among the insiders who sold shares, Gan Hong disposed of 25,000 shares on Jan 02 ’24 at a per-share price of $1.85. This resulted in the CHIEF SCIENCE OFFICER holding 451,273 shares of SES after the transaction. In another insider transaction, Nealis Jing sold 11,242 shares at $2.09 per share on Dec 18 ’23. Company shares held by the CHIEF FINANCIAL OFFICER now total 1,510,122.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SES has a high of $3.21 and a low of $1.16.

As of this writing, SES has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.04 in the last quarter, which was 60.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $1.01, while its Total Shareholder’s Equity was -$88.32M.

Analysts Opinion

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. 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 2.60.

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