SES AI Corporation (NYSE:SES) price on Friday, November 15, fall -14.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.27.
A look at the stock’s price movement, the close in the last trading session was $0.31, moving within a range at $0.2 and $0.3329. The beta value (5-Year monthly) was 2.431. Turning to its 52-week performance, $2.57 and $0.27 were the 52-week high and 52-week low respectively. Overall, SES moved -52.79% over the past month.
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SES AI Corporation’s market cap currently stands at around $97.28 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-31.
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 100% Sell 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 -42.43% and -57.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.85, while 7-day volatility ratio is 24.01% and 13.84% in the 30-day chart. Further, SES AI Corporation (SES) has a beta value of 2.30, and an average true range (ATR) of 0.06. 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 -455.56% off current price level while to achieve the yearly target high, price needs to move -455.56%. Nonetheless, investors will most likely welcome a -455.56% 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 2.69 over the past 10 days and 2.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 310.27 million shares.
The 55.21% of SES AI Corporation’s shares are in the hands of company insiders while institutional holders own 18.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.2 million on 2024-10-31, giving us a short ratio of 1.98. The data shows that as of 2024-10-31 short interest in SES AI Corporation (SES) stood at 301.0 of shares outstanding, with shares short falling to 5.48 million registered in 2024-09-30. Current price change has pushed the stock -85.26% 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.
