SES AI (NYSE:SES) Stock Price Up 7.9%

SES AI Co. (NYSE:SES) traded up 7.9% on Monday . The stock traded as high as $1.59 and last traded at $1.51. 188,198 shares were traded during trading, a decline of 68% from the average session volume of 589,726 shares. The stock had previously closed at $1.40.

SES AI Price Performance

The business has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.71. The firm has a market cap of $528.90 million, a PE ratio of -9.19 and a beta of 2.59.

SES AI (NYSE:SES) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the previous year, the company posted ($0.05) EPS. On average, equities analysts forecast that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hong Gan sold 25,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1.60, for a total value of $40,000.00. Following the transaction, the insider now directly owns 875,001 shares in the company, valued at $1,400,001.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC purchased a new position in shares of SES AI in the third quarter worth $25,000. Alpine Global Management LLC purchased a new stake in SES AI in the 3rd quarter worth $45,000. Kestra Advisory Services LLC bought a new position in shares of SES AI during the 3rd quarter valued at about $96,000. SG Americas Securities LLC purchased a new position in shares of SES AI during the third quarter valued at about $118,000. Finally, Syon Capital LLC bought a new stake in shares of SES AI in the third quarter worth about $137,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

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.