Stock Traders Buy High Volume of SES AI Call Options (NYSE:SES)

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

SES AI Price Performance

SES stock opened at $0.71 on Wednesday. SES AI has a 12 month low of $0.20 and a 12 month high of $2.02. The company has a fifty day moving average price of $0.43 and a 200 day moving average price of $0.82. The company has a market cap of $256.02 million, a price-to-earnings ratio of -3.09 and a beta of 2.27.

SES AI (NYSE:SES) last announced its quarterly earnings data 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 prior year, the business earned ($0.04) EPS. As a group, analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other SES AI news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI 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 sale, the insider now directly owns 9,843,622 shares in the company, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sk Inc. sold 71,176 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $0.70, for a total value of $49,823.20. Following the transaction, the insider now directly owns 41,936,583 shares in the company, valued at approximately $29,355,608.10. The trade was a 0.17 % 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 over the last ninety days. Company insiders own 15.07% of the company’s stock.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. Bank of New York Mellon Corp grew its holdings in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after acquiring an additional 71,794 shares during the period. Renaissance Technologies LLC increased its position in shares of 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 buying an additional 46,800 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after buying an additional 225,299 shares during the last quarter. SG Americas Securities LLC grew its stake in 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 acquiring an additional 31,832 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after acquiring an additional 46,778 shares in the last quarter. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Wall Street Analyst Weigh In

SES has been the subject of several recent analyst reports. Wolfe Research started coverage on shares of SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.50 target price on shares of SES AI in a report on Tuesday, September 10th.

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.