Shares of SES AI Co. (NYSE:SES – Get Free Report) rose 7.9% during trading on Monday . The stock traded as high as $1.59 and last traded at $1.51. Approximately 188,198 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 589,726 shares. The stock had previously closed at $1.40.
SES AI Price Performance
The company has a market cap of $528.90 million, a PE ratio of -9.19 and a beta of 2.59. The company’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.71.
SES AI (NYSE:SES – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the previous year, the business posted ($0.05) earnings per share. On average, analysts forecast that SES AI Co. will post -0.24 EPS for the current year.
Insider Activity at SES AI
Institutional Trading of SES AI
Several hedge funds have recently added to or reduced their stakes in SES. SG Americas Securities LLC lifted its stake in SES AI by 28.3% in the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock valued at $122,000 after purchasing an additional 14,646 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of SES AI during the 3rd quarter valued at $45,000. Kestra Advisory Services LLC bought a new position in shares of SES AI during the 3rd quarter worth $96,000. Vanguard Personalized Indexing Management LLC purchased a new stake in SES AI in the 3rd quarter worth about $25,000. Finally, Swiss National Bank raised its stake in SES AI by 21.3% in the 3rd quarter. Swiss National Bank now owns 201,900 shares of the company’s stock valued at $458,000 after acquiring an additional 35,400 shares during the period. 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.
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