SES AI (SES) Projected to Post Earnings on Tuesday

SES AI (NYSE:SES) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

SES AI Price Performance

Shares of NYSE:SES opened at $1.03 on Tuesday. SES AI has a 1 year low of $0.20 and a 1 year high of $2.53. The firm has a market capitalization of $369.60 million, a PE ratio of -4.46 and a beta of 0.28. The business’s 50 day moving average price is $1.12 and its 200-day moving average price is $0.84.

Insider Buying and Selling at SES AI

In other news, insider Kyle Pilkington sold 44,051 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $51,539.67. Following the completion of the sale, the insider now directly owns 496,580 shares in the company, valued at $580,998.60. This represents a 8.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Qichao Hu sold 194,459 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares in the company, valued at approximately $3,254,669.73. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 547,471 shares of company stock worth $610,541. Corporate insiders own 15.07% of the company’s stock.

About SES AI

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.