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

Shares of Ceres Power Holdings plc (LON:CWR) were down 14.8% during trading on Saturday . The stock traded as low as GBX 307.53 and last traded at GBX 313.46. Approximately 6,301,889 shares changed hands during mid-day trading, an increase of 171% from the average daily volume of 2,325,161 shares. The stock had previously closed at GBX 368.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 460 price objective on shares of Ceres Power in a report on Friday, November 7th. Berenberg Bank raised their target price on shares of Ceres Power from GBX 300 to GBX 530 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ceres Power has a consensus rating of “Buy” and a consensus price target of GBX 495.

Ceres Power Price Performance

The firm has a fifty day moving average of GBX 244.49 and a two-hundred day moving average of GBX 146.45. The stock has a market capitalization of £609.42 million, a P/E ratio of -17.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Ceres Power (LON:CWR) last issued 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 return on equity of 22.96% and a negative net margin of 101.69%. On average, analysts predict 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.