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

Shares of SES AI Co. (NYSE:SES) 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 changing hands.

SES AI Stock Up 19.3 %

The business’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.74.

SES AI (NYSE:SES) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. During the same quarter last year, the firm posted ($0.05) earnings per share. Sell-side analysts forecast that SES AI Co. will post -0.24 earnings per share for the current 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 dated Thursday, February 1st. The shares were sold at an average price of $1.38, for a total value of $34,500.00. Following the completion of the sale, the insider now owns 451,273 shares in the company, valued at approximately $622,756.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 75,000 shares of company stock worth $116,750 in the last quarter. 15.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SES AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in shares of SES AI by 21.3% in the 3rd quarter. Swiss National Bank now owns 201,900 shares of the company’s stock valued at $458,000 after purchasing an additional 35,400 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of SES AI by 28.3% in the 4th quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock valued at $122,000 after purchasing an additional 14,646 shares during the last quarter. Syon Capital LLC bought a new position in shares of SES AI in the 3rd quarter valued at about $137,000. Kestra Advisory Services LLC bought a new position in shares of SES AI in the 3rd quarter valued at about $96,000. Finally, Alpine Global Management LLC bought a new position in shares of SES AI in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

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.