Ceres Power (LON:CWR) Stock Price Down 4.6% – Here’s Why

by · The Cerbat Gem

Ceres Power Holdings plc (LON:CWR – Get Free Report) was down 4.6% on Friday . The company traded as low as GBX 321.80 and last traded at GBX 353.87. Approximately 8,820,141 shares changed hands during trading, an increase of 323% from the average daily volume of 2,085,260 shares. The stock had previously closed at GBX 371.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on CWR

Ceres Power Price Performance

The firm has a market cap of £646.46 million, a price-to-earnings ratio of -18.22 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The stock’s 50-day moving average price is GBX 214.87 and its 200 day moving average price is GBX 134.36.

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