SES AI (NYSE:SES) Trading Down 10.3% – What’s Next?

SES AI Co. (NYSE:SES) shares traded down 10.3% on Friday . The company traded as low as $1.37 and last traded at $1.39. 4,249,570 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 26,826,375 shares. The stock had previously closed at $1.55.

SES AI Trading Down 14.9 %

The stock has a market cap of $475.83 million, a price-to-earnings ratio of -5.74 and a beta of 0.37. The company has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $0.88.

SES AI (NYSE:SES) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter last year, the firm posted ($0.04) EPS. As a group, analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current year.

Insider Activity at SES AI

In other SES AI news, major shareholder Sk Inc. sold 400,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $0.60, for a total value of $240,000.00. Following the transaction, the insider now directly owns 38,762,803 shares of the company’s stock, valued at $23,257,681.80. This represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jing Nealis sold 150,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the transaction, the chief financial officer now directly owns 1,935,322 shares in the company, valued at $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 have sold 14,282,000 shares of company stock valued at $3,307,400. Company insiders own 15.07% of the company’s stock.

Institutional Trading of SES AI

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in SES AI during the third quarter worth about $28,000. SG Americas Securities LLC lifted its stake in shares of SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares during the period. DRW Securities LLC bought a new position in SES AI in the third quarter valued at about $52,000. Anson Funds Management LP bought a new stake in SES AI during the 3rd quarter worth about $108,000. Finally, Barclays PLC raised its holdings in 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 purchasing an additional 126,763 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors.

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.