SES AI (NYSE:SES) Shares Down 6.1%

SES AI Co. (NYSE:SES) fell 6.1% on Tuesday . The stock traded as low as $1.60 and last traded at $1.62. 141,875 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 567,747 shares. The stock had previously closed at $1.72.

SES AI Stock Down 4.5 %

The firm has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.80.

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 the consensus estimate of ($0.05) by $0.02. During the same period last year, the company posted ($0.05) earnings per share. Sell-side analysts forecast 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 firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $1.69, for a total value of $42,250.00. Following the completion of the sale, the insider now owns 875,001 shares of the company’s stock, valued at $1,478,751.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 75,000 shares of company stock valued at $116,750. 15.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SES. JPMorgan Chase & Co. purchased a new position in shares of SES AI in the first quarter worth about $150,000. Bank of New York Mellon Corp purchased a new position in shares of SES AI in the first quarter worth about $354,000. Citigroup Inc. purchased a new position in shares of SES AI in the first quarter worth about $73,000. BlackRock Inc. purchased a new position in shares of SES AI in the first quarter worth about $12,406,000. Finally, Vanguard Group Inc. purchased a new position in shares of SES AI in the first quarter worth about $10,785,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.