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

SES AI Co. (NYSE:SES)’s share price gapped up before the market opened 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 traded.

SES AI Trading Down 6.3 %

The stock has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.73.

SES AI (NYSE:SES) last issued its earnings results on Monday, February 26th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. During the same period last year, the company earned ($0.05) earnings per share. Sell-side analysts predict that SES AI Co. will post -0.24 earnings per share for the current year.

Insider Activity

In other 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 value of $42,250.00. Following the completion of the sale, the insider now directly owns 875,001 shares in the company, valued at approximately $1,478,751.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 15.39% of the stock is currently owned by company insiders.

Institutional Trading of SES AI

Several large investors have recently made changes to their positions in SES. SG Americas Securities LLC acquired a new stake in shares of SES AI in the 3rd quarter valued at about $118,000. Syon Capital LLC bought a new position in SES AI in the 3rd quarter valued at about $137,000. Swiss National Bank lifted its position in 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 acquiring an additional 35,400 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in SES AI in the 3rd quarter valued at about $25,000. Finally, Kestra Advisory Services LLC bought a new position in SES AI in the 3rd quarter valued at about $96,000. 29.78% of the stock is currently 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.