SES AI (NYSE:SES) Sees Unusually-High Trading Volume

SES AI Co. (NYSE:SES) shares saw an uptick in trading volume on Monday . 426,080 shares changed hands during trading, a decline of 21% from the previous session’s volume of 540,477 shares.The stock last traded at $1.69 and had previously closed at $1.49.

SES AI Price Performance

The firm’s fifty day moving average price is $1.53 and its 200-day moving average price is $1.81.

SES AI (NYSE:SES) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. During the same quarter last year, the firm posted ($0.05) EPS. Sell-side analysts expect that SES AI Co. will post -0.24 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Hong Gan sold 25,000 shares of SES AI stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1.60, for a total value of $40,000.00. Following the completion of the sale, the insider now owns 875,001 shares in the company, valued at $1,400,001.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 75,000 shares of company stock valued at $116,750. Insiders own 15.39% of the company’s stock.

Hedge Funds Weigh In On SES AI

Several hedge funds and other institutional investors have recently modified their holdings of SES. Vanguard Group Inc. raised its position in SES AI by 681.1% in the third quarter. Vanguard Group Inc. now owns 10,959,563 shares of the company’s stock worth $53,483,000 after acquiring an additional 9,556,507 shares in the last quarter. BlackRock Inc. grew its stake in SES AI by 193.3% during the 2nd quarter. BlackRock Inc. now owns 8,729,851 shares of the company’s stock valued at $21,301,000 after acquiring an additional 5,753,859 shares in the last quarter. Invesco Ltd. purchased a new position in SES AI during the 1st quarter valued at about $18,817,000. State Street Corp grew its stake in shares of SES AI by 207.9% in the 2nd quarter. State Street Corp now owns 2,620,514 shares of the company’s stock valued at $6,394,000 after buying an additional 1,769,509 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of SES AI by 110.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,636,669 shares of the company’s stock valued at $6,433,000 after buying an additional 1,386,462 shares in the last quarter. 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.