SES AI (NYSE:SES) Stock Price Down 6.1%

Shares of SES AI Co. (NYSE:SES - Get Free Report) dropped 6.1% during mid-day trading on Tuesday . The company traded as low as $1.60 and last traded at $1.62. Approximately 141,875 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 567,747 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

Separately, William Blair initiated coverage on SES AI in a research note on Monday, December 18th. They issued a "market perform" rating on the stock.

SES AI Price Performance

The company has a market capitalization of $544.86 million, a PE ratio of -9.81 and a beta of 2.64. The company has a 50-day moving average of $1.52 and a two-hundred day moving average of $1.81.

SES AI (NYSE:SES - Get Free Report) last released its earnings results on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. During the same period in the previous year, the company earned ($0.05) EPS. As a group, research analysts anticipate that SES AI Co. will post -0.24 EPS for the current year.

Insider Activity at SES AI

In other SES AI news, insider Hong Gan sold 25,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00. Following the sale, the insider now directly owns 875,001 shares of the company's stock, valued at $1,478,751.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 75,000 shares of company stock worth $116,750. Corporate insiders own 15.39% of the company's stock.

Institutional Investors Weigh In On SES AI

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC bought a new stake in SES AI during the third quarter valued at about $45,000. Swiss National Bank increased its holdings in shares of SES AI by 21.3% in the third quarter. Swiss National Bank now owns 201,900 shares of the company's stock worth $458,000 after purchasing an additional 35,400 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of SES AI in the third quarter worth about $118,000. Kestra Advisory Services LLC bought a new stake in shares of SES AI in the third quarter worth about $96,000. Finally, Barclays PLC bought a new stake in shares of SES AI in the second quarter worth about $95,000. 29.78% of the stock is owned by institutional investors.

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.