SES AI Sees Unusually Large Options Volume (NYSE:SES)

SES AI Co. (NYSE:SES) was the target of unusually large options trading activity on Tuesday. Traders bought 5,279 call options on the stock. This represents an increase of 2,566% compared to the average daily volume of 198 call options.

Insider Buying and Selling

In other SES AI news, major shareholder Sk Inc. sold 243,951 shares of SES AI stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $0.60, for a total value of $146,370.60. Following the completion of the sale, the insider now directly owns 40,784,454 shares in the company, valued at $24,470,672.40. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,032,037 shares of company stock worth $3,706,540. 15.07% of the stock is owned by company insiders.

Institutional Trading of SES AI

A number of institutional investors have recently bought and sold shares of SES. Barclays PLC grew its position in shares of SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after buying an additional 126,763 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after purchasing an additional 83,607 shares in the last quarter. Anson Funds Management LP bought a new stake in SES AI during the 3rd quarter worth approximately $108,000. XTX Topco Ltd bought a new position in SES AI in the third quarter valued at approximately $28,000. Finally, DRW Securities LLC acquired a new stake in shares of SES AI during the third quarter worth $52,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

SES AI Price Performance

Shares of SES traded up $0.26 on Tuesday, hitting $0.78. The company’s stock had a trading volume of 32,460,680 shares, compared to its average volume of 1,690,008. The company has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.82. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $2.02. The company has a market capitalization of $281.44 million, a PE ratio of -3.39 and a beta of 2.27.

SES AI (NYSE:SES) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same quarter last year, the business earned ($0.04) EPS. On average, equities analysts forecast that SES AI will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SES shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.50 target price on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research assumed coverage on SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

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.