Traders Purchase Large Volume of SES AI Call Options (NYSE:SES)

SES AI Co. (NYSE:SES) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 5,279 call options on the stock. This is an increase of 2,566% compared to the average volume of 198 call options.

Analyst Ratings Changes

Several research firms recently commented on SES. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.50 price target on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research began coverage on SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock.

SES AI Trading Up 49.9 %

NYSE:SES traded up $0.26 on Tuesday, hitting $0.78. The company had a trading volume of 32,460,680 shares, compared to its average volume of 1,690,008. The firm has a 50 day moving average of $0.43 and a two-hundred day moving average of $0.82. The stock has a market capitalization of $281.44 million, a price-to-earnings ratio of -3.39 and a beta of 2.27. SES AI has a 52 week low of $0.20 and a 52 week high of $2.02.

SES AI (NYSE:SES) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the previous year, the company earned ($0.04) EPS. As a group, equities analysts forecast that SES AI will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other SES AI news, major shareholder Sk Inc. sold 243,951 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $0.60, for a total value of $146,370.60. Following the transaction, the insider now directly owns 40,784,454 shares in the company, valued at $24,470,672.40. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,032,037 shares of company stock valued at $3,706,540 in the last three months. 15.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after purchasing an additional 31,832 shares during the period. XTX Topco Ltd bought a new position in shares of SES AI during the 3rd quarter worth about $28,000. Charles Schwab Investment Management Inc. increased its position in SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after buying an additional 46,778 shares in the last quarter. Renaissance Technologies LLC grew its stake in SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after acquiring an additional 46,800 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after purchasing an additional 71,794 shares during the period. Institutional investors and hedge funds 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.