Hong Gan Sells 150,000 Shares of SES AI (NYSE:SES) Stock

SES AI Corporation (NYSE:SES) insider Hong Gan sold 150,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $1.90, for a total value of $285,000.00. Following the completion of the sale, the insider directly owned 1,253,286 shares in the company, valued at $2,381,243.40. This trade represents a 10.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SES AI Stock Performance

NYSE SES traded down $0.04 during trading hours on Tuesday, reaching $1.86. The company’s stock had a trading volume of 7,807,684 shares, compared to its average volume of 17,479,986. The stock has a market cap of $678.41 million, a PE ratio of -6.63 and a beta of 0.53. The company’s 50-day moving average is $2.19 and its two-hundred day moving average is $1.42. SES AI Corporation has a fifty-two week low of $0.28 and a fifty-two week high of $3.73.

SES AI (NYSE:SES) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The company had revenue of $7.12 million for the quarter, compared to analysts’ expectations of $4.58 million. SES AI has set its FY 2025 guidance at EPS. Equities analysts expect that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SES shares. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their target price on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SES. Signaturefd LLC bought a new stake in shares of SES AI during the 1st quarter worth about $26,000. CWM LLC boosted its position in shares of SES AI by 1,427.9% during the 1st quarter. CWM LLC now owns 55,462 shares of the company’s stock valued at $29,000 after purchasing an additional 51,832 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of SES AI in the 1st quarter worth approximately $31,000. Hudson Bay Capital Management LP acquired a new stake in SES AI during the second quarter valued at approximately $31,000. Finally, Verdence Capital Advisors LLC boosted its holdings in SES AI by 42.9% during the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after buying an additional 6,000 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.