SES AI (NYSE:SES) Issues Quarterly Earnings Results

SES AI (NYSE:SES) released its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04), Zacks reports.

SES AI Stock Performance

Shares of NYSE:SES traded down $0.06 during trading on Tuesday, hitting $0.85. The company’s stock had a trading volume of 14,685,810 shares, compared to its average volume of 30,329,588. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $2.53. The stock’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $0.84. The company has a market capitalization of $306.85 million, a PE ratio of -3.70 and a beta of 0.28.

Insider Buying and Selling

In related news, CFO Jing Nealis sold 50,000 shares of SES AI stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at $1,974,028.44. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Qichao Hu sold 194,459 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares of the company’s stock, valued at approximately $3,254,669.73. This represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 547,471 shares of company stock worth $610,541. Insiders own 15.07% 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.