Why Buying The SES AI Corporation (NYSE: SES) Stock Today Might Make Sense

SES AI Corporation (NYSE:SES) traded at $0.38 at close of the session on Tuesday, December 17 and made a downward move of -8.04% on its previous day’s price.

Looking at the stock we see that its previous close was $0.41 and the beta (5Y monthly) reads 2.431 with the day’s price range being $0.3757 – $0.4169. In terms of its 52-week price range, SES has a high of $2.28 and a low of $0.20. The company’s stock has gained about 40.36% over that past 30 days.

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SES AI Corporation has a market cap of $136.55 million and is expected to release its quarterly earnings report in January.

On the other hand, looking at the outlook for the SES stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the SES AI Corporation (SES) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 0.27% off its SMA20 and -16.32% from its 50-day simple moving average. The RSI (14) is pointing at 45.07 while the volatility over the past week is 11.13% and jumps to 12.75% over the past one month. The beta value is 2.26, while the average true range (ATR) is currently pointing at 0.05. The average price target for the stock over the next 12 months is $1.5, with the estimates having a low of $1.5 and a high of $1.5. These price ends are -294.74% and -294.74% off the current price level respectively, although investors could be excited at the prospect of a -294.74% if the SES share price touches on the median price of $1.5.

Coming back to SES AI Corporation (NYSE:SES), we note that the average 3-month trading volume was 4.14 million, while that of the preceding 10-day period stands at 2.17 million. Current shares outstanding are 313.73 million.

The insiders hold 50.79% of the company’s shares while institutions hold 18.08%. The data shows that short shares as of 2024-11-29, stood at 5.8 million at a short ratio of 1.43. This represents a 336.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 5.2 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -79.31% down in year-to-date price movement.

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