SES AI (NYSE:SES) Reaches New 1-Year High - Should You Buy?

SES AI Co. (NYSE:SES - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $2.53 and last traded at $2.37, with a volume of 22460150 shares traded. The stock had previously closed at $2.25.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $1.50 price objective on shares of SES AI in a report on Tuesday, September 10th.

SES AI Trading Down 7.8 %

The stock has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.86. The stock has a market capitalization of $748.21 million, a price-to-earnings ratio of -9.02 and a beta of 0.37.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). During the same quarter last year, the firm posted ($0.04) earnings per share. Equities research analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the sale, the insider now directly owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. The trade was a 57.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sk Inc. sold 400,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $0.62, for a total value of $248,000.00. Following the completion of the transaction, the insider now directly owns 39,527,701 shares of the company's stock, valued at approximately $24,507,174.62. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,684,481 shares of company stock worth $3,552,889. Company insiders own 15.07% of the company's stock.

Institutional Investors Weigh In On SES AI

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in SES AI by 204.1% during the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company's stock worth $117,000 after acquiring an additional 122,803 shares during the last quarter. Barclays PLC lifted its stake in SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company's stock worth $109,000 after purchasing an additional 126,763 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock worth $1,980,000 after purchasing an additional 83,607 shares during the last quarter. Anson Funds Management LP purchased a new stake in shares of SES AI in the third quarter valued at approximately $108,000. Finally, XTX Topco Ltd acquired a new stake in shares of SES AI in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 29.78% of the company's stock.

About SES AI

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.