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

SES AI Co. (NYSE:SES) was the target of some unusual options trading activity on Thursday. Stock traders acquired 11,130 call options on the company. This is an increase of 516% compared to the average daily volume of 1,808 call options.

Insider Activity at SES AI

In other SES AI news, CFO Jing Nealis sold 150,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were 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 directly owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the transaction, the insider now directly owns 9,843,622 shares of the company’s stock, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,532,000 shares of company stock valued at $2,870,400. Corporate insiders own 15.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. LexAurum Advisors LLC acquired a new position in shares of SES AI in the 4th quarter valued at about $55,000. XTX Topco Ltd acquired a new position in shares of SES AI in the 3rd quarter valued at about $28,000. SG Americas Securities LLC lifted its position in SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after purchasing an additional 31,832 shares during the last quarter. DRW Securities LLC bought a new stake in SES AI in the 3rd quarter valued at about $52,000. Finally, Renaissance Technologies LLC lifted its position in SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after purchasing an additional 46,800 shares during the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Trading Up 48.5 %

SES stock traded up $0.40 during mid-day trading on Thursday, hitting $1.24. 156,601,127 shares of the company were exchanged, compared to its average volume of 41,061,645. SES AI has a twelve month low of $0.20 and a twelve month high of $2.53. The firm has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $0.86. The company has a market capitalization of $445.32 million, a PE ratio of -5.37 and a beta of 0.37.

SES AI (NYSE:SES) last posted 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 business earned ($0.04) EPS. As a group, sell-side analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

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.