SES AI (NYSE:SES) Announces Earnings Results

SES AI (NYSE:SES) announced its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Yahoo Finance reports. During the same quarter last year, the firm posted ($0.04) earnings per share.

SES AI Stock Down 5.4 %

SES stock traded down $0.07 during midday trading on Tuesday, hitting $1.23. The company’s stock had a trading volume of 108,340 shares, compared to its average volume of 624,633. The firm has a market capitalization of $439.12 million, a price-to-earnings ratio of -7.88 and a beta of 2.45. SES AI has a 12 month low of $1.07 and a 12 month high of $3.21. The company has a 50 day moving average of $1.24 and a two-hundred day moving average of $1.38.

Insider Activity

In other SES AI news, insider Hong Gan sold 25,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1.17, for a total transaction of $29,250.00. Following the completion of the transaction, the insider now owns 825,506 shares of the company’s stock, valued at approximately $965,842.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.07% of the company’s stock.

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.