SES AI (NYSE:SES) Shares Up 7.3%

SES AI Co. (NYSE:SES)’s stock price was up 7.3% on Tuesday . The stock traded as high as $1.69 and last traded at $1.69. Approximately 130,604 shares traded hands during trading, a decline of 76% from the average daily volume of 552,128 shares. The stock had previously closed at $1.57.

Analyst Ratings Changes

Separately, William Blair started coverage on SES AI in a report on Monday, December 18th. They issued a “market perform” rating on the stock.

SES AI Price Performance

The firm has a 50-day simple moving average of $1.47 and a two-hundred day simple moving average of $1.87.

SES AI (NYSE:SES) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. During the same period last year, the company posted ($0.05) earnings per share. Sell-side analysts anticipate that SES AI Co. will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other SES AI news, insider Hong Gan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1.85, for a total transaction of $46,250.00. Following the transaction, the insider now owns 451,273 shares in the company, valued at $834,855.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 75,000 shares of company stock valued at $123,000 over the last three months. 15.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in SES AI by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 11,748,162 shares of the company’s stock worth $21,499,000 after purchasing an additional 142,533 shares during the last quarter. BlackRock Inc. grew its position in SES AI by 193.3% during the second quarter. BlackRock Inc. now owns 8,729,851 shares of the company’s stock worth $21,301,000 after buying an additional 5,753,859 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SES AI by 110.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,636,669 shares of the company’s stock worth $6,433,000 after purchasing an additional 1,386,462 shares in the last quarter. State Street Corp grew its holdings in shares of SES AI by 207.9% during the 2nd quarter. State Street Corp now owns 2,620,514 shares of the company’s stock worth $6,394,000 after purchasing an additional 1,769,509 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in SES AI in the first quarter valued at about $18,817,000. 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.