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

SES AI Co. (NYSE:SES)’s share price rose 7.9% during mid-day trading on Monday . The company traded as high as $1.59 and last traded at $1.51. Approximately 188,198 shares changed hands during trading, a decline of 68% from the average daily volume of 589,726 shares. The stock had previously closed at $1.40.

SES AI Stock Up 2.5 %

The stock has a market cap of $505.82 million, a P/E ratio of -9.16 and a beta of 2.59. The business has a 50-day simple moving average of $1.52 and a 200-day simple moving average of $1.70.

SES AI (NYSE:SES) last announced its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same quarter last year, the business earned ($0.05) EPS. On average, analysts predict that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Insider Activity at SES AI

In related news, insider Hong Gan sold 25,000 shares of SES AI stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $1.60, for a total transaction of $40,000.00. Following the sale, the insider now directly owns 875,001 shares of the company’s stock, valued at approximately $1,400,001.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SES AI

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC acquired a new stake in SES AI during the 3rd quarter worth approximately $25,000. Alpine Global Management LLC acquired a new stake in SES AI during the 3rd quarter worth approximately $45,000. Kestra Advisory Services LLC acquired a new stake in SES AI during the 3rd quarter worth approximately $96,000. SG Americas Securities LLC acquired a new stake in SES AI during the 3rd quarter worth approximately $118,000. Finally, Syon Capital LLC acquired a new stake in SES AI during the 3rd quarter worth approximately $137,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

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.