Ceres Power (LON:CWR) Stock Price Down 14.8% – What’s Next?

Ceres Power Holdings plc (LON:CWR)’s stock price traded down 14.8% during trading on Saturday . The company traded as low as GBX 307.53 and last traded at GBX 313.46. 6,301,889 shares changed 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.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWR. Jefferies Financial Group restated a “buy” rating and issued a GBX 460 price objective on shares of Ceres Power in a research note on Friday, November 7th. Berenberg Bank lifted their target price on shares of Ceres Power from GBX 300 to GBX 530 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ceres Power presently has an average rating of “Buy” and an average target price of GBX 495.

Ceres Power Price Performance

The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market cap of £609.42 million, a P/E ratio of -17.18 and a beta of 1.60. The company’s fifty day simple moving average is GBX 244.49 and its 200-day simple moving average is GBX 146.45.

Ceres Power (LON:CWR) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Ceres Power Holdings plc will post -12.4426979 EPS for the current year.

Ceres Power Company Profile

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.