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

SES AI (NYSE:SES) issued its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), Yahoo Finance reports. During the same period in the prior year, the business earned ($0.04) EPS.

SES AI Stock Performance

Shares of NYSE SES traded up $0.05 during midday trading on Wednesday, reaching $1.23. 343,940 shares of the company traded hands, compared to its average volume of 625,221. The firm has a market cap of $439.12 million, a PE ratio of -7.38 and a beta of 2.45. The stock’s 50-day simple moving average is $1.24 and its 200-day simple moving average is $1.38. SES AI has a 12 month low of $1.07 and a 12 month high of $3.21.

Insider Transactions at SES AI

In other news, insider Hong Gan sold 25,000 shares of SES AI stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1.17, for a total transaction of $29,250.00. Following the completion of the transaction, the insider now directly owns 825,506 shares in the company, valued at approximately $965,842.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.07% of the stock is owned by corporate insiders.

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.