Ceres Power (LON:CWR) Stock Price Down 10.4% – What’s Next?

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report) shares dropped 10.4% during mid-day trading on Friday . The company traded as low as GBX 321.80 and last traded at GBX 332.51. Approximately 59,830,457 shares were traded during trading, an increase of 2,484% from the average daily volume of 2,315,036 shares. The stock had previously closed at GBX 371.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 460 target price on shares of Ceres Power in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 400.

View Our Latest Analysis on Ceres Power

Ceres Power Price Performance

The company has a market capitalization of £646.46 million, a P/E ratio of -18.22 and a beta of 1.60. The business has a 50 day simple moving average of GBX 214.87 and a 200-day simple moving average of GBX 134.36. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR – Get Free Report) last posted its earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. Analysts predict that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

About Ceres Power

(Get Free Report)

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.

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