Ceres Power (LON:CWR) Stock Price Down 14.8% – Time to Sell?

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price traded down 14.8% during mid-day trading on Saturday . The company traded as low as GBX 307.53 and last traded at GBX 313.46. 6,301,889 shares traded hands during mid-day trading, an increase of 171% from the average session volume of 2,325,161 shares. The stock had previously closed at GBX 368.

Analysts Set New Price Targets

CWR has been the subject of several recent analyst reports. Berenberg Bank boosted their target price on Ceres Power from GBX 300 to GBX 530 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and set a GBX 460 price objective on shares of Ceres Power in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 495.

Get Our Latest Stock Report on Ceres Power

Ceres Power Trading Down 14.8%

The business’s 50 day simple moving average is GBX 244.49 and its 200 day simple moving average is GBX 146.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a market capitalization of £609.42 million, a price-to-earnings ratio of -17.18 and a beta of 1.60.

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