Stock Traders Purchase High Volume of Call Options on SES AI (NYSE:SES)

SES AI Co. (NYSE:SES) saw unusually large options trading activity on Tuesday. Investors bought 5,279 call options on the stock. This represents an increase of approximately 2,566% compared to the average volume of 198 call options.

SES AI Trading Up 36.3 %

Shares of SES AI stock opened at $0.71 on Thursday. SES AI has a 1 year low of $0.20 and a 1 year high of $2.02. The company’s fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.82. The company has a market cap of $256.02 million, a price-to-earnings ratio of -3.09 and a beta of 2.27.

SES AI (NYSE:SES) last posted its quarterly earnings results 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 period in the prior year, the business posted ($0.04) EPS. As a group, research analysts forecast that SES AI will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total value of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares of the company’s stock, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Sk Inc. sold 71,176 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $0.70, for a total transaction of $49,823.20. Following the completion of the sale, the insider now owns 41,936,583 shares of the company’s stock, valued at $29,355,608.10. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,032,037 shares of company stock worth $3,706,540 in the last 90 days. 15.07% of the stock is owned by insiders.

Hedge Funds Weigh In On SES AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in SES. Squarepoint Ops LLC raised its stake in shares of SES AI by 1,039.9% in 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. Anson Funds Management LP acquired a new position in SES AI in the third quarter worth about $108,000. Barclays PLC lifted its stake in SES AI by 281.1% during 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 during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 83,607 shares during the period. Finally, DRW Securities LLC acquired a new position in shares of SES AI in the 3rd quarter worth approximately $52,000. 29.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SES has been the subject of a number of research analyst reports. Wolfe Research began coverage on shares of SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 price objective on shares of SES AI in a research report on Tuesday, September 10th.

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.