Q2 2024 EPS Estimates for SES AI Co. Raised by William Blair (NYSE:SES)

SES AI Co. (NYSE:SES) – Research analysts at William Blair increased their Q2 2024 EPS estimates for SES AI in a report released on Monday, May 6th. William Blair analyst J. Dorsheimer now expects that the company will post earnings of ($0.04) per share for the quarter, up from their previous estimate of ($0.05). The consensus estimate for SES AI’s current full-year earnings is ($0.24) per share. William Blair also issued estimates for SES AI’s Q3 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.17) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.21) EPS.

SES AI (NYSE:SES) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same quarter in the prior year, the business posted ($0.05) EPS.

SES AI Trading Up 2.5 %

SES opened at $1.43 on Thursday. SES AI has a 12 month low of $1.15 and a 12 month high of $3.21. The company has a market cap of $505.82 million, a PE ratio of -8.91 and a beta of 2.59. The company has a 50 day moving average of $1.51 and a 200 day moving average of $1.70.

Institutional Trading of SES AI

Several institutional investors and hedge funds have recently bought and sold shares of SES. Swiss National Bank grew its holdings in shares of SES AI by 21.3% during the third quarter. Swiss National Bank now owns 201,900 shares of the company’s stock worth $458,000 after purchasing an additional 35,400 shares in the last quarter. SG Americas Securities LLC grew its stake in SES AI by 28.3% in the 4th quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock worth $122,000 after buying an additional 14,646 shares in the last quarter. Syon Capital LLC bought a new position in shares of SES AI in the 3rd quarter worth $137,000. Kestra Advisory Services LLC purchased a new stake in shares of SES AI during the 3rd quarter valued at $96,000. Finally, Alpine Global Management LLC bought a new stake in shares of SES AI during the 3rd quarter worth $45,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Hong Gan sold 25,000 shares of SES AI stock in a transaction on Monday, April 1st. The stock was sold at an average price of $1.60, for a total value of $40,000.00. Following the completion of the transaction, the insider now directly owns 875,001 shares in the company, valued at $1,400,001.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 15.07% of the company’s stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.