SES AI Target of Unusually Large Options Trading (NYSE:SES)

SES AI Co. (NYSE:SES - Get Free Report) saw some unusual options trading activity on Friday. Traders acquired 6,070 call options on the stock. This is an increase of 106% compared to the typical volume of 2,942 call options.

SES AI Stock Performance

SES stock traded up $0.16 during trading on Friday, hitting $1.03. 80,725,210 shares of the company's stock traded hands, compared to its average volume of 11,609,508. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The business has a fifty day simple moving average of $0.63 and a 200 day simple moving average of $0.75. The stock has a market capitalization of $375.45 million, a price-to-earnings ratio of -4.48 and a beta of 0.56.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. Research analysts forecast that SES AI will post -0.23 earnings per share for the current fiscal year.

Insider Activity at SES AI

In other SES AI news, CFO Jing Nealis sold 80,992 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $94,760.64. Following the completion of the transaction, the chief financial officer now owns 1,841,637 shares in the company, valued at $2,154,715.29. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Qichao Hu sold 194,459 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares of the company's stock, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 347,471 shares of company stock valued at $406,541. Corporate insiders own 15.07% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CIBC Asset Management Inc purchased a new position in shares of SES AI during the fourth quarter valued at approximately $25,000. Brevan Howard Capital Management LP purchased a new position in shares of SES AI during the fourth quarter valued at approximately $25,000. Optas LLC bought a new stake in shares of SES AI during the fourth quarter valued at approximately $27,000. Cibc World Markets Corp bought a new stake in shares of SES AI during the fourth quarter valued at approximately $27,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of SES AI during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 29.78% 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.