SES AI (NYSE:SES) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

SES AI (NYSE:SES) announced its quarterly earnings results on Monday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Yahoo Finance reports. During the same period in the previous year, the business posted ($0.04) EPS.

SES AI Price Performance

Shares of NYSE:SES traded up $0.05 on Wednesday, reaching $1.23. The company’s stock had a trading volume of 65,300 shares, compared to its average volume of 623,313. SES AI has a 52-week low of $1.07 and a 52-week high of $3.21. The stock’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.38. The stock has a market capitalization of $437.34 million, a P/E ratio of -7.38 and a beta of 2.45.

Insider Activity

In other news, insider Hong Gan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $1.42, for a total value of $35,500.00. Following the completion of the sale, the insider now directly owns 825,506 shares of the company’s stock, valued at approximately $1,172,218.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.07% 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.