SES AI (NYSE:SES) Reaches New 12-Month High – What’s Next?

Shares of SES AI Co. (NYSE:SES) hit a new 52-week high on Monday . The company traded as high as $2.53 and last traded at $2.37, with a volume of 22460150 shares trading hands. The stock had previously closed at $2.25.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $1.50 target price on shares of SES AI in a report on Tuesday, September 10th.

SES AI Stock Down 15.9 %

The stock’s 50 day moving average price is $0.70 and its two-hundred day moving average price is $0.87. The stock has a market cap of $631.02 million, a price-to-earnings ratio of -7.61 and a beta of 0.37.

SES AI (NYSE:SES) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period in the prior year, the business earned ($0.04) earnings per share. On average, analysts predict that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Insider Activity at SES AI

In other SES AI news, major shareholder Sk Inc. sold 400,000 shares of SES AI stock in a transaction on Friday, October 11th. The shares were sold at an average price of $0.61, for a total value of $244,000.00. Following the completion of the transaction, the insider now owns 39,927,701 shares of the company’s stock, valued at approximately $24,355,897.61. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jing Nealis sold 150,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at approximately $1,974,028.44. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,682,000 shares of company stock worth $3,551,400. 15.07% of the stock is owned by corporate insiders.

Institutional Trading of SES AI

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of SES AI during the 3rd quarter valued at approximately $28,000. SG Americas Securities LLC increased its stake in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after buying an additional 31,832 shares in the last quarter. DRW Securities LLC acquired a new position in shares of SES AI during the third quarter valued at approximately $52,000. Anson Funds Management LP acquired a new position in shares of SES AI during the third quarter valued at approximately $108,000. Finally, Barclays PLC lifted its position in shares of SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after acquiring an additional 126,763 shares in the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

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.