SES (OTCMKTS:SGBAF) Sets New 12-Month Low - What's Next?

Shares of SES S.A. (OTCMKTS:SGBAF) reached a new low price for the last 52 weeks during trading on Thursday. The stock fell to a price of $3.15 and was last seen trading at $3.34, with a total volume of 2,798 shares exchanged. Previously, the stock closed at $3.26.

Wall Street Analysts Forecast Growth

In a recent update, Barclays upgraded SES to a "strong-buy" rating on October 2nd. This news suggests that some analysts are optimistic about the company’s future performance.

SES Price Performance

Currently, SES's fifty-day moving average stands at $3.75, while its two-hundred-day moving average is $4.72. The company reports a quick ratio of 2.53 and a current ratio of 2.57, indicating its ability to cover short-term obligations. The debt-to-equity ratio is 0.95. SES has a market capitalization of $1.86 billion and a price-to-earnings ratio of -0.80, slightly above average volatility with a beta of 1.26.

Company Overview

SES S.A. specializes in satellite-based data transmission and related services globally. The firm provides innovative content connectivity solutions, which encompass a combination of satellite and terrestrial infrastructure to facilitate video and data distribution. It also offers data connectivity services using its fleet of geostationary and medium Earth orbit satellites, catering to various industries, including aviation, cloud services, energy, government, maritime, and telecom.

Considerations for Investors

Before making any investment in SES, it's important to evaluate the broader context of your portfolio. MarketBeat monitors the performances and recommendations of top Wall Street analysts. Currently, while SES is rated as a "Strong Buy," there are five other stocks that many analysts recommend even more strongly.

For those looking for potentially lucrative investment opportunities, it may be beneficial to explore stocks that analysts believe could outperform SES significantly.

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