SES AI (NYSE:SES) Shares Gap Up to $1.35

SES AI Co. (NYSE:SES - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $1.35, but opened at $1.40. SES AI shares last traded at $1.49, with a volume of 173,465 shares.

SES AI Price Performance

The stock has a market cap of $560.84 million, a price-to-earnings ratio of -9.88 and a beta of 2.64. The business has a fifty day moving average of $1.52 and a 200 day moving average of $1.74.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. During the same period last year, the business earned ($0.05) EPS. On average, analysts expect that SES AI Co. will post -0.24 EPS for the current year.

Insiders Place Their Bets

In related 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 transaction of $40,000.00. Following the transaction, the insider now owns 875,001 shares in the company, valued at approximately $1,400,001.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 75,000 shares of company stock valued at $116,750 over the last ninety days. 15.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SES AI

Several large investors have recently made changes to their positions in SES. SG Americas Securities LLC purchased a new stake in shares of SES AI in the third quarter valued at approximately $118,000. Syon Capital LLC acquired a new position in shares of SES AI during the third quarter worth $137,000. Swiss National Bank grew its holdings in shares of SES AI by 21.3% during the third quarter. Swiss National Bank now owns 201,900 shares of the company's stock valued at $458,000 after buying an additional 35,400 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of SES AI during the third quarter valued at $25,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of SES AI during the third quarter valued at $96,000. 29.78% of the stock is owned by 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.