SES AI (NYSE:SES) Issues Earnings Results

SES AI (NYSE:SES) announced its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04), Zacks reports. SES AI updated its FY 2025 guidance to EPS.

SES AI Trading Down 6.5 %

SES AI stock opened at $0.85 on Wednesday. The stock has a 50 day moving average of $1.18 and a 200-day moving average of $0.84. The stock has a market cap of $306.86 million, a P/E ratio of -3.70 and a beta of 0.29. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53.

Insider Activity at SES AI

In other SES AI news, CEO Qichao Hu sold 194,459 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares of the company’s stock, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jing Nealis sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $1.02, for a total value of $153,000.00. Following the completion of the sale, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 547,471 shares of company stock valued at $610,541 over the last ninety days. 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.