A major move is in the offing as SES AI Corporation (SES) market cap hits 382.57 million

SES AI Corporation (NYSE: SES) kicked off on Friday, up 0.94% from the previous trading day, before settling in for the closing price of $1.06. Over the past 52 weeks, SES has traded in a range of $0.81-$2.66.

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While this was happening, its average annual earnings per share was recorded -55.88%. With a float of $162.81 million, this company’s outstanding shares have now reached $310.27 million.

The firm has a total of 300 workers. Let’s measure their productivity. In terms of profitability, gross margin is 12.3%, operating margin of -1058.72%, and the pretax margin is -772.79%.

SES AI Corporation (SES) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of SES AI Corporation is 54.46%, while institutional ownership is 20.23%. The most recent insider transaction that took place on Aug 29 ’24, was worth 52,510. In this transaction CHIEF FINANCIAL OFFICER of this company sold 50,000 shares at a rate of $1.05, taking the stock ownership to the 1,979,422 shares. Before that another transaction happened on Aug 29 ’24, when Company’s Officer proposed sale 50,000 for $1.03, making the entire transaction worth $51,500.

SES AI Corporation (SES) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.04 earnings per share (EPS), higher than consensus estimate (set at -0.1) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -55.88% per share during the next fiscal year.

SES AI Corporation (NYSE: SES) Trading Performance Indicators

Take a look at SES AI Corporation’s (SES) current performance indicators. Last quarter, 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 -0.36 in one year’s time.

Technical Analysis of SES AI Corporation (SES)

Analysing the last 5-days average volume posted by the [SES AI Corporation, SES], we can find that recorded value of 0.3 million was lower than the volume posted last year of 0.6 million. As of the previous 9 days, the stock’s Stochastic %D was 60.59%. Additionally, its Average True Range was 0.08.

During the past 100 days, SES AI Corporation’s (SES) raw stochastic average was set at 24.48%, which indicates a significant decrease from 85.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.16% in the past 14 days, which was higher than the 90.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.1312, while its 200-day Moving Average is $1.4741. Now, the first resistance to watch is $1.0833. This is followed by the second major resistance level at $1.0967. The third major resistance level sits at $1.1133. If the price goes on to break the first support level at $1.0533, it is likely to go to the next support level at $1.0367. Should the price break the second support level, the third support level stands at $1.0233.

SES AI Corporation (NYSE: SES) Key Stats

The company with the Market Capitalisation of 382.57 million has total of 357,012K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -53,400 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -19,900 K.