SES AI (NYSE:SES) Trading 7.9% Higher

SES AI Co. (NYSE:SES - Get Free Report)'s stock price was up 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 were traded 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 Trading Up 6.1 %

The stock has a market cap of $527.12 million, a P/E ratio of -9.28 and a beta of 2.59. The firm's fifty day moving average is $1.53 and its 200 day moving average 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, hitting analysts' consensus estimates of ($0.05). During the same period in the prior year, the business earned ($0.05) earnings per share. Research analysts forecast that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at SES AI

In related news, insider Hong Gan sold 25,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $1.69, for a total transaction of $42,250.00. Following the completion of the transaction, the insider now directly owns 875,001 shares in the company, valued at approximately $1,478,751.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.39% of the company's stock.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. Syon Capital LLC acquired a new position in SES AI in the third quarter worth about $137,000. SG Americas Securities LLC bought a new position in shares of SES AI during the 3rd quarter worth approximately $118,000. Kestra Advisory Services LLC acquired a new stake in SES AI in the 3rd quarter valued at $96,000. Swiss National Bank raised its stake in SES AI by 21.3% during the third quarter. Swiss National Bank now owns 201,900 shares of the company's stock worth $458,000 after acquiring an additional 35,400 shares in the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of SES AI during the third quarter valued at $45,000. 29.78% of the stock is owned by institutional investors and hedge funds.

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.