Buyers following SES AI Corp (NYSE:) could also be to know that Temasek Holdings, a major shareholder, lately bought a portion of its holdings within the firm. The transactions, which befell on September 19 and 20, 2024, concerned the sale of SES AI Corp’s Class A Widespread Inventory for a complete worth of roughly $630,517.

The gross sales have been executed at various costs, with the primary batch of 467,143 shares bought at a mean worth of $0.90, whereas the second batch of 253,119 shares went for a mean of $0.83. The costs for these gross sales ranged from $0.7712 to $0.9386 for the completely different transactions throughout the batches.

Temasek Holdings, by way of its subsidiaries, has been a major investor in SES AI Corp, which is thought for its miscellaneous electrical equipment, gear, and provides. The Singapore-based funding firm’s divestment of shares has been detailed within the newest SEC filings, offering transparency to the market and SES AI Corp’s stakeholders.

It’s price noting that the shares bought have been held not directly by Temasek Holdings by way of its wholly-owned subsidiaries. As per the footnotes within the SEC submitting, Aranda Investments Pte. Ltd., a direct subsidiary of Temasek Holdings, held the shares concerned within the transactions.

SES AI Corp’s inventory exercise is intently watched by buyers, as it might probably present insights into the corporate’s efficiency and investor sentiment. The latest transactions by Temasek Holdings characterize a major change in its funding portfolio and may very well be of curiosity to these monitoring the corporate’s shareholder actions.

In different latest information, SES AI Company has made important strides in its strategic initiatives, specializing in integrating synthetic intelligence (AI) into the event of next-generation battery applied sciences for the electrical automobile (EV) and concrete air mobility (UAM) sectors. The corporate lately reported Q2 monetary outcomes, with working bills of $24.6 million, money utilized in operations of $22.1 million, and capital expenditures of $3.7 million, ending the quarter with a powerful liquidity place of $294.7 million. SES AI additionally up to date its money utilization steering for 2024, indicating confidence in its monetary standing.

In analyst notes, Deutsche Financial institution resumed protection on SES AI with a Maintain score and set a worth goal of $1.50, acknowledging the corporate’s progress with its strategic joint growth agreements with automotive companions Honda (NYSE:) and Hyundai (OTC:). The corporate is on monitor to ship B-sample batteries for each companions, an important section because it strikes in the direction of the mid-2025 C-sample timeline.

As a part of the latest developments, SES AI is engaged on the completion of a lithium metallic line in South Korea and the conversion of EV traces for UAM manufacturing. The corporate can also be planning to monetize AI options by way of licensing and royalties. The agency’s AI will present proactive suggestions for manufacturing and reactive monitoring for security, positioning SES AI on the forefront of the AI transformation within the battery trade.

InvestingPro Insights

As SES AI Corp (NYSE:SES) navigates the complexities of the market, latest information from InvestingPro offers a clearer image of the corporate’s monetary well being and inventory efficiency. With a market capitalization of $272.01 million, SES AI Corp’s valuation displays the challenges it faces, together with a adverse P/E ratio of -5.7, indicating investor issues concerning the firm’s profitability. Moreover, the inventory’s worth has skilled important volatility, with a one-week worth whole return displaying a steep decline of -25.41%.

InvestingPro Suggestions counsel that SES AI Corp holds additional cash than debt, which is a optimistic signal for liquidity and monetary stability. Nevertheless, the corporate can also be shortly burning by way of money, which might elevate questions on its long-term sustainability. Furthermore, the inventory has been characterised by excessive worth volatility, which could concern buyers in search of steady returns. With these issues in thoughts, potential buyers must be conscious that analysts don’t anticipate the corporate will probably be worthwhile this 12 months, which can weigh on the inventory’s efficiency.

For these focused on a deeper evaluation, InvestingPro affords extra recommendations on SES AI Corp, offering priceless insights into the corporate’s monetary metrics and inventory tendencies. To discover these insights additional, go to https://www.investing.com/professional/SES for a complete view of the corporate’s monetary panorama.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.