SES AI Corp (SES, Financial) saw its stock price increase by 5.33% as the automotive parts sector experienced overall gains. The stock price reached $0.627 per share with a trading volume of 1.23951 million shares and a turnover rate of 0.35%. The stock showed a price fluctuation of 6.03%.
Recent financial reports indicate SES AI Corp reported no operating revenue and a net loss of $19.90 million, resulting in an earnings per share of -$0.06. The company recorded a gross profit of -$1.95 million, with a price-earnings ratio of -3.26. Among four rating agencies, 75% advised holding the stock, while 25% recommended selling; no agencies suggested buying.
In the automotive parts industry, related stocks such as Noco-Noco Inc., Solid Power Inc., and Luminar Technologies, Inc. saw significant gains. Companies like Noco-Noco Inc. and Luminar Technologies, Inc. were notably active with high turnover rates of 76.89% and 7.68%, respectively. Stocks with substantial price fluctuations included Noco-Noco Inc. and Worksport, Ltd.
SES AI Corp is a pre-commercialization company developing high-performance lithium metal rechargeable battery technology for applications in electric vehicles, urban air mobility, and more. It is an integrated lithium metal battery manufacturer with capabilities in materials, cell production, battery modules, AI safety algorithms, and recycling.
