SES AI Corporation (NYSE:SES) does about 664.44K shares in volume on a normal day but saw 860174 shares change hands in the recent trading day. The company now has a market cap of 334.94M USD. Its current market price is $0.94, marking a decrease of -5.65% compared to the previous close of $0.99. The 52 week high reached by this stock is $2.91 whilst the lowest price level in 52 weeks is $0.96.
SES AI Corporation (SES) has a 20-day trading average at $1.2160 and the current price is -67.81% off the 52-week high compared with -2.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2272 and its 200-day simple moving average is $1.5645. If we look at the stock’s price movements over the week, volatility stands at 9.56%, which decreases to 8.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.27 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 68.67% over the period.
2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.
Wolfe Research downgraded the stock to “Underperform” from Peer Perform on June 08, 2023 at a price target of $4.
SES AI Corporation (SES) stock is down -20.61% over the week and -17.10% over the past month. Its price is -48.81% year-to-date and -66.54% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.1 and -0.34 for whole year.
To reach the target analysts have set, the stock logically needs to grow 68.67 percent from here.
The company has a return on investment of -17.51% and return on equity of -16.90%. The beta has a value of 2.46. Price to book ratio is 1.01.
