Traders Buy Large Volume of Call Options on SES AI (NYSE:SES)

Key Points

• Traders showed significant interest in SES AI with a purchase of 5,620 call options, marking a 138% increase from the average trading volume.
• SES AI's stock price rose by 15% to $2.37, with over 12 million shares traded, although it remains below its 12-month high of $2.53.
• Institutional investors have been active, increasing their stakes in SES AI, with notable boosts from firms like AQR Capital Management and Invesco Ltd., indicating growing confidence in the company.

SES AI Corporation (NYSE:SES - Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors purchased 5,620 call options on the company. This is an increase of 138% compared to the average volume of 2,365 call options.

SES AI Trading Up 15.0%

SES stock traded up $0.31 during midday trading on Monday, hitting $2.37. 12,908,628 shares of the company's stock were exchanged, compared to its average volume of 16,957,936. The stock has a market capitalization of $866.02 million, a price-to-earnings ratio of -7.63 and a beta of 0.50. The firm has a 50 day moving average price of $1.30 and a 200-day moving average price of $1.01. SES AI has a 12-month low of $0.20 and a 12-month high of $2.53.

SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that SES AI will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SES AI during the 1st quarter valued at approximately $1,064,000. AQR Capital Management LLC boosted its position in SES AI by 2,314.7% during the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after purchasing an additional 1,090,875 shares during the period. Invesco Ltd. boosted its position in SES AI by 1,537.2% during the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company's stock valued at $465,000 after purchasing an additional 837,982 shares during the period. Baird Financial Group Inc. acquired a new position in SES AI during the 2nd quarter valued at approximately $689,000. Finally, XTX Topco Ltd bought a new stake in SES AI during the 2nd quarter valued at $676,000. Institutional investors and hedge funds own 29.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SES shares. Weiss Ratings reissued a "sell (d-)" rating on shares of SES AI in a research note on Saturday, September 27th. Wall Street Zen downgraded SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $2.00 price objective on shares of SES AI in a report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $2.00.

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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