SES AI (NYSE:SES) Sees Unusually-High Trading Volume – What’s Next?

SES AI Co. (NYSE:SES) shares saw strong trading volume on Tuesday . 7,124,591 shares changed hands during trading, an increase of 120% from the previous session’s volume of 3,233,109 shares.The stock last traded at $2.10 and had previously closed at $2.42.

Analysts Set New Price Targets

Several research firms recently issued reports on SES. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research started coverage on shares of SES AI in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock.

SES AI Stock Performance

The company has a 50-day moving average of $0.52 and a 200-day moving average of $0.83. The firm has a market capitalization of $735.59 million, a price-to-earnings ratio of -8.87 and a beta of 2.27.

SES AI (NYSE:SES) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jing Nealis sold 150,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1.02, for a total value of $153,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. The trade was a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Sk Inc. sold 100,000 shares of SES AI stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $0.61, for a total value of $61,000.00. Following the transaction, the insider now owns 40,683,867 shares of the company’s stock, valued at $24,817,158.87. This trade represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,110,861 shares of company stock worth $3,809,717 in the last three months. 15.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after acquiring an additional 83,607 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after acquiring an additional 46,778 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after acquiring an additional 71,794 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after buying an additional 225,299 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after buying an additional 122,803 shares in the last quarter. Institutional investors 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.