SES AI Co. (NYSE:SES - Get Free Report) saw unusually-high trading volume on Monday . Approximately 426,080 shares changed hands during trading, a decline of 21% from the previous session's volume of 540,477 shares.The stock last traded at $1.69 and had previously closed at $1.49.
Analysts Set New Price Targets
Separately, William Blair assumed coverage on shares of SES AI in a research note on Monday, December 18th. They issued a "market perform" rating for the company.
Check Out Our Latest Analysis on SES
SES AI Stock Up 15.4 %
The company has a market capitalization of $610.53 million, a PE ratio of -10.75 and a beta of 2.64. The company has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.81.
SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. During the same period in the prior year, the company posted ($0.05) earnings per share. As a group, equities analysts anticipate that SES AI Co. will post -0.24 EPS for the current fiscal year.
Insider Buying and Selling
In other SES AI news, insider Hong Gan sold 25,000 shares of the firm's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1.60, for a total value of $40,000.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $116,750. Company insiders own 15.39% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in SES AI during the first quarter valued at approximately $31,000. 1832 Asset Management L.P. bought a new stake in shares of SES AI during the 1st quarter worth $37,000. Royal Bank of Canada purchased a new position in SES AI in the first quarter worth $52,000. Citigroup Inc. bought a new position in SES AI in the first quarter valued at $73,000. Finally, Ensign Peak Advisors Inc purchased a new stake in SES AI during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 29.78% of the company's stock.
About SES AI
(
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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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