SES AI (SES) Set to Announce Earnings on Thursday

SES AI (NYSE:SES) is set to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

SES AI (NYSE:SES) last released its earnings results on Monday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, analysts expect SES AI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SES AI Stock Up 1.5 %

NYSE:SES opened at $0.58 on Tuesday. The business’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $1.09. SES AI has a 52 week low of $0.55 and a 52 week high of $2.57. The stock has a market cap of $206.85 million, a PE ratio of -3.62 and a beta of 2.39.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SES shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research initiated 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.

Insider Activity at SES AI

In other news, CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $1.05, for a total transaction of $52,500.00. Following the sale, the chief financial officer now directly owns 1,979,422 shares of the company’s stock, valued at $2,078,393.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Jing Nealis sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1.05, for a total value of $52,500.00. Following the sale, the chief financial officer now directly owns 1,979,422 shares in the company, valued at $2,078,393.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $1.04, for a total transaction of $172,160.56. Following the completion of the transaction, the insider now directly owns 5,466,590 shares of the company’s stock, valued at approximately $5,685,253.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,273,348 shares of company stock valued at $2,450,737. Insiders own 15.07% 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.