SES AI Co. (NYSE:SES - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders bought 5,279 call options on the stock. This represents an increase of 2,566% compared to the average daily volume of 198 call options.
In other SES AI news, major shareholder Sk Inc. sold 243,951 shares of SES AI stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $0.60, for a total value of $146,370.60. Following the completion of the sale, the insider now directly owns 40,784,454 shares in the company, valued at $24,470,672.40. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,032,037 shares of company stock worth $3,706,540. 15.07% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of SES. Barclays PLC grew its position in shares of SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company's stock worth $109,000 after buying an additional 126,763 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock valued at $1,980,000 after purchasing an additional 83,607 shares in the last quarter. Anson Funds Management LP bought a new stake in SES AI during the 3rd quarter worth approximately $108,000. XTX Topco Ltd bought a new position in SES AI in the third quarter valued at approximately $28,000. Finally, DRW Securities LLC acquired a new stake in shares of SES AI during the third quarter worth $52,000. Institutional investors and hedge funds own 29.78% of the company's stock.
Shares of SES traded up $0.26 on Tuesday, hitting $0.78. The company's stock had a trading volume of 32,460,680 shares, compared to its average volume of 1,690,008. The company has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.82. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $2.02. The company has a market capitalization of $281.44 million, a PE ratio of -3.39 and a beta of 2.27.
SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). During the same quarter last year, the business earned ($0.04) EPS. On average, equities analysts forecast that SES AI will post -0.23 EPS for the current year.
A number of analysts have issued reports on SES shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $1.50 target price on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research assumed coverage on SES AI in a research report on Thursday, September 5th. They set an "underperform" rating and a $1.00 price objective on the stock.
Get Our Latest Stock Report on SES
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.
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