SES AI (SES) Set to Announce Earnings on Thursday

SES AI (NYSE:SES - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect SES AI to post earnings of ($0.05) per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same quarter last year, the business earned ($0.04) earnings per share. 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 Trading Down 4.7 %

Shares of SES traded down $0.03 during mid-day trading on Thursday, hitting $0.61. The company's stock had a trading volume of 2,186,487 shares, compared to its average volume of 1,200,025. The firm has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $1.11. The firm has a market capitalization of $216.56 million, a P/E ratio of -3.89 and a beta of 2.39. SES AI has a 1-year low of $0.55 and a 1-year high of $2.57.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. 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 started coverage on SES AI in a research note on Thursday, September 5th. They issued an "underperform" rating and a $1.00 price objective for the company.

Insider Activity at SES AI

In related news, major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $1.04, for a total value 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 $5,685,253.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other SES AI news, CFO Jing Nealis sold 32,487 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1.02, for a total transaction of $33,136.74. Following the transaction, the chief financial officer now owns 1,979,422 shares in the company, valued at $2,019,010.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $1.04, for a total value of $172,160.56. Following the transaction, the insider now owns 5,466,590 shares in the company, valued at approximately $5,685,253.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,273,348 shares of company stock valued at $2,450,737 in the last ninety days. Corporate 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.