SES shares climb further, up 37.5% over one month after its results
The Luxembourg-based satellite operator extends its recovery in mid-afternoon, in a Paris market trending higher. The stock is coming off a series of very favorable sessions, driven by the publication of its nine-month accounts. Technical indicators, for their part, point to a rebound that is now well established.
A rebound based on mixed nine-month results
SES shares rose 2.24% to €4.83 intraday, after gaining 16.67% over the week. This rebound follows the publication of the accounts on 5 November, in which adjusted EBITDA for the third quarter rose 18.6% on a like-for-like basis and at constant exchange rates, while the net loss over nine months widened to €175 million.
At the time of this publication, the company maintained its target of stable revenue and adjusted EBITDA for 2026. It also reported €5.8 billion in new contracts and renewals signed since the beginning of the year, including €3.4 billion linked to IRIS2, bringing the order backlog to €10.0 billion.
Over one month, the stock is up 37.78% including the dividend paid, but it remains down 5.51% over three months.
The share price moves back above its short-term averages
The stock trades 14.18% above its 20-day moving average (MM20), at €4.23, and 15.13% above its 50-day moving average (MM50), at €4.20, gaps that measure the extent of the rebound from the October lows.
The 200-day moving average (MM200), at €5.84, remains however 17.23% above the share price, illustrating the distance still to be covered to erase the summer slide.
The RSI at 67 reflects strong buying momentum, without reaching overbought territory. The stock ranks in the top half of its index, while the SBF 120 itself gains 1.12% on the session. The nearest support lies at €4.72.
