A new trading day began on Monday, with SES AI Corporation (NYSE: SES) stock price down -6.33% from the previous day of trading, before settling in for the closing price of $1.06. SES’s price has ranged from $0.99 to $3.00 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -65.78%. With a float of $162.80 million, this company’s outstanding shares have now reached $310.27 million.
Let’s look at the performance matrix of the company that is accounted for 300 employees.
SES AI Corporation (SES) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of SES AI Corporation is 54.47%, while institutional ownership is 20.59%. The most recent insider transaction that took place on Jul 01 ’24, was worth 29,220. In this transaction CHIEF SCIENCE OFFICER of this company sold 25,000 shares at a rate of $1.17, taking the stock ownership to the 825,506 shares. Before that another transaction happened on Jun 03 ’24, when Company’s CHIEF SCIENCE OFFICER sold 25,000 for $1.25, making the entire transaction worth $31,152. This insider now owns 825,506 shares in total.
SES AI Corporation (SES) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -65.78% per share during the next fiscal year.
SES AI Corporation (NYSE: SES) Trading Performance Indicators
Here are SES AI Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 22.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.33 in one year’s time.
Technical Analysis of SES AI Corporation (SES)
SES AI Corporation (NYSE: SES) saw its 5-day average volume 0.51 million, a negative change from its year-to-date volume of 0.62 million. As of the previous 9 days, the stock’s Stochastic %D was 10.41%. Additionally, its Average True Range was 0.10.
During the past 100 days, SES AI Corporation’s (SES) raw stochastic average was set at 3.57%, which indicates a significant decrease from 7.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.19% in the past 14 days, which was lower than the 84.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2329, while its 200-day Moving Average is $1.5714. Nevertheless, the first resistance level for the watch stands at $1.0151 in the near term. At $1.0374, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0647. If the price goes on to break the first support level at $0.9655, it is likely to go to the next support level at $0.9382. Assuming the price breaks the second support level, the third support level stands at $0.9159.
SES AI Corporation (NYSE: SES) Key Stats
With a market capitalization of 355.00 million, the company has a total of 357,012K Shares Outstanding. Currently, annual sales are 0 K while annual income is -53,400 K. The company’s previous quarter sales were 0 K while its latest quarter income was -15,560 K.
