Ceres Power (LON:CWR) Trading Down 34.9% – Should You Sell?

Ceres Power Holdings plc (LON:CWR)’s share price was down 34.9% on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 85.24 ($1.07). Approximately 32,845,063 shares were traded during mid-day trading, an increase of 1,552% from the average daily volume of 1,988,260 shares. The stock had previously closed at GBX 131 ($1.65).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.18) price objective on shares of Ceres Power in a report on Wednesday, January 29th.

Ceres Power Stock Down 36.1 %

The stock has a 50-day moving average price of GBX 159.68 and a 200-day moving average price of GBX 186.33. 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 £163.07 million, a P/E ratio of -4.04 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In other news, insider Dame Julia King purchased 30,200 shares of the business’s stock in a transaction on Thursday, November 28th. The shares were acquired at an average price of GBX 165 ($2.08) per share, with a total value of £49,830 ($62,702.91). Also, insider Stuart Paynter acquired 7,151 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of GBX 139 ($1.75) per share, with a total value of £9,939.89 ($12,507.73). Insiders own 40.29% of the company’s stock.

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.