Wolfe Research raised the price target for the SES AI Corporation (NYSE:SES) stock from “a Peer perform” to “an Underperform”. The rating was released on June 08, 2023, according to finviz.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of SES AI Corporation (NYSE:SES) raised 0.46% to close Friday’s market session at $2.19, higher as compared to yesterday’s close. The stock price fluctuated between $2.13 and $2.21 throughout the trading session with the volume trading being 800966 shares, which represented a significant variation when compared to the three months average volume of 1.07 million shares. The firm’s stock price fluctuated 3.79% within the last five trades and 3.79% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -22.34% in the last 6 months and 11.17% was added to its value over the previous 3 months. SES stock is trading at a margin of 2.99%, -12.10% and -18.95% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SES deals in the Consumer Cyclical domain. The stock is trading -65.89 percent below its 52-week high and 64.66 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -58.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does SES AI Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $765.91 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 1.84, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of SES AI Corporation shares are owned by insiders, and 41.80 percent are held by financial institutions. Gan Hong, the CHIEF SCIENCE OFFICER at SES AI Corporation (SES) has sold 50,000 shares of firm on Sep 11 at a price of $2.19 against the total amount of $0.11 million. In another inside trade, Makharia Rohit, PRES. & CHIEF STRATEGY OFFICER of SES AI Corporation (NYSE:SES) sold 208,810 shares of the firm on Aug 23 for a total worth of $0.44 million at a price of $2.13. An inside trade which took place on Aug 18, CHIEF FINANCIAL OFFICER of SES AI Corporation Nealis Jing sold 10,895 shares of firm against total price of $23129.0 at the cost of $2.12 per share.