SES AI (NYSE:SES) Shares Gap Up to $1.35

SES AI Co. (NYSE:SES)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.35, but opened at $1.40. SES AI shares last traded at $1.49, with a volume of 173,465 shares changing hands.

SES AI Stock Down 6.3 %

The business has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $1.73.

SES AI (NYSE:SES) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. During the same period in the prior year, the business earned ($0.05) earnings per share. Equities research analysts predict that SES AI Co. will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other SES AI news, insider Hong Gan sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00. Following the transaction, the insider now owns 875,001 shares of the company’s stock, valued at $1,478,751.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 15.39% of the company’s stock.

Hedge Funds Weigh In On SES AI

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new position in shares of SES AI in the third quarter valued at approximately $25,000. Alpine Global Management LLC acquired a new position in shares of SES AI in the third quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new position in shares of SES AI in the third quarter valued at approximately $96,000. SG Americas Securities LLC acquired a new position in shares of SES AI in the third quarter valued at approximately $118,000. Finally, Syon Capital LLC acquired a new position in shares of SES AI in the third quarter valued at approximately $137,000. 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.