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

by · The Markets Daily

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on CWR

Ceres Power Stock Down 10.4%

The stock’s 50-day moving average is GBX 219.46 and its 200-day moving average is GBX 136.26. The company 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 current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

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