Key Points
- Kyle Pilkington sold 25,000 shares of SES AI at an average price of $1.20 on March 9, receiving $30,000 and reducing his ownership by 3.10% to 780,203 shares (valued at ~$936,244), as disclosed in an SEC filing.
- SES stock traded down about 3.5% to $1.25 with intraday volume ~1.9M (vs. average 8.09M); the shares trade in a 52-week range of $0.39–$3.73 and the company has a market cap of ~$454.5M.
- In the latest quarter SES reported EPS of ($0.04) beating estimates while missing revenue at $4.56M, the company shows deep negative margins and ROE, and analysts hold a mixed view with a consensus rating of Hold and a $4.00 target.
SES AI Corporation (NYSE:SES - Get Free Report) insider Kyle Pilkington sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the transaction, the insider directly owned 780,203 shares in the company, valued at $936,243.60. The trade was a 3.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
SES AI Stock Down 3.5%
SES stock traded down $0.05 during midday trading on Thursday, reaching $1.25. 1,895,839 shares of the company's stock traded hands, compared to its average volume of 8,086,390. SES AI Corporation has a 1-year low of $0.39 and a 1-year high of $3.73. The company has a market cap of $454.51 million, a price-to-earnings ratio of -5.66 and a beta of 0.62. The company has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.95.
SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%. The business had revenue of $4.56 million for the quarter, compared to the consensus estimate of $6.64 million. Equities research analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have commented on SES. Cantor Fitzgerald reiterated an "overweight" rating on shares of SES AI in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SES AI in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut SES AI from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, SES AI has a consensus rating of "Hold" and a consensus target price of $4.00.
Check Out Our Latest Research Report on SES AI
Institutional Trading of SES AI
Institutional investors have recently bought and sold shares of the business. Gainplan LLC acquired a new stake in SES AI during the 4th quarter worth $30,000. Hudson Bay Capital Management LP acquired a new position in shares of SES AI during the 2nd quarter worth about $31,000. Verdence Capital Advisors LLC grew its position in shares of SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company's stock worth $33,000 after buying an additional 6,000 shares during the period. Raymond James Financial Inc. increased its stake in shares of SES AI by 35.1% in the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company's stock valued at $34,000 after acquiring an additional 5,268 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of SES AI in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 29.78% of the company's stock.
About SES AI
(
Get Free Report)
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.
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