SES AI (NYSE:SES) Announces Earnings Results

SES AI (NYSE:SES) announced its quarterly earnings data on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04), Zacks reports.

SES AI Stock Performance

NYSE:SES traded down $0.06 during midday trading on Tuesday, reaching $0.85. 14,685,810 shares of the stock traded hands, compared to its average volume of 30,329,588. The stock has a market capitalization of $306.85 million, a P/E ratio of -3.70 and a beta of 0.28. The company has a fifty day moving average of $1.17 and a 200 day moving average of $0.84. SES AI has a 12 month low of $0.20 and a 12 month high of $2.53.

Insiders Place Their Bets

In other news, CFO Jing Nealis sold 50,000 shares of SES AI stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total value of $51,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Qichao Hu sold 194,459 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $227,517.03. Following the transaction, the chief executive officer now directly owns 2,781,769 shares in the company, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 547,471 shares of company stock valued at $610,541 in the last quarter. 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.