SES AI (NYSE:SES) Sees Strong Trading Volume

SES AI Co. (NYSE:SES) shares saw strong trading volume on Monday . 426,080 shares traded hands during trading, a decline of 21% from the previous session’s volume of 540,477 shares.The stock last traded at $1.69 and had previously closed at $1.49.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on shares of SES AI in a report on Monday, December 18th. They set a “market perform” rating for the company.

SES AI Trading Up 14.1 %

The stock’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.82.

SES AI (NYSE:SES) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, analysts expect that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at SES AI

In other SES AI news, insider Hong Gan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $1.38, for a total value of $34,500.00. Following the completion of the transaction, the insider now owns 451,273 shares of the company’s stock, valued at approximately $622,756.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 75,000 shares of company stock valued at $116,750 in the last 90 days. Company insiders own 15.39% of the company’s stock.

Hedge Funds Weigh In On SES AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in SES AI during the 1st quarter worth $31,000. 1832 Asset Management L.P. acquired a new position in SES AI in the first quarter valued at $37,000. Royal Bank of Canada acquired a new position in SES AI in the first quarter valued at $52,000. Citigroup Inc. purchased a new stake in shares of SES AI in the first quarter valued at about $73,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of SES AI in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.