Shares of SES AI Co. (NYSE:SES – Get Free Report) traded up 7.9% on Monday . The company traded as high as $1.59 and last traded at $1.51. 188,198 shares traded hands 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 Stock Performance
The business has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.70. The stock has a market capitalization of $505.82 million, a P/E ratio of -9.16 and a beta of 2.59.
SES AI (NYSE:SES – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, research analysts forecast that SES AI Co. will post -0.24 earnings per share for the current fiscal year.
Insider Activity at SES AI
Institutional Investors Weigh In On SES AI
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in SES AI during the 3rd quarter valued at $25,000. SG Americas Securities LLC increased its stake in shares of SES AI by 28.3% in the 4th quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock worth $122,000 after purchasing an additional 14,646 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of SES AI in the 3rd quarter worth $45,000. Swiss National Bank increased its stake in shares of SES AI by 21.3% in the 3rd quarter. Swiss National Bank now owns 201,900 shares of the company’s stock worth $458,000 after purchasing an additional 35,400 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of SES AI in the 3rd quarter worth $96,000. 29.78% of the stock is currently 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.
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