SES AI (NYSE:SES) Shares Gap Down – Should You Sell?

SES AI Co. (NYSE:SES)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $1.75, but opened at $1.52. SES AI shares last traded at $1.57, with a volume of 6,636,267 shares changing hands.

SES AI Trading Down 17.1 %

The stock has a market cap of $463.35 million, a P/E ratio of -5.59 and a beta of 0.37. The firm’s fifty day moving average is $0.74 and its 200 day moving average is $0.88.

SES AI (NYSE:SES) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period last year, the company posted ($0.04) earnings per share. Research analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at SES AI

In other news, major shareholder Sk Inc. sold 400,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $0.62, for a total transaction of $248,000.00. Following the completion of the transaction, the insider now owns 39,527,701 shares of the company’s stock, valued at approximately $24,507,174.62. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jing Nealis sold 150,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $1.02, for a total transaction of $153,000.00. Following the completion of the sale, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at approximately $1,974,028.44. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282,000 shares of company stock worth $3,307,400 over the last three months. 15.07% of the stock is currently owned by insiders.

Institutional Trading of SES AI

A number of institutional investors and hedge funds have recently modified their holdings of SES. XTX Topco Ltd acquired a new stake in SES AI during the third quarter worth $28,000. SG Americas Securities LLC boosted its position in shares of SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares in the last quarter. DRW Securities LLC bought a new stake in SES AI in the third quarter valued at about $52,000. Anson Funds Management LP acquired a new position in SES AI in the third quarter worth about $108,000. Finally, Barclays PLC raised its position in SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after purchasing an additional 126,763 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors.

About SES AI

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.