Ceres Power (LON:CWR) Trading Down 11.1% – Time to Sell?

Ceres Power Holdings plc (LON:CWR)’s stock price traded down 11.1% during trading on Thursday . The stock traded as low as GBX 51.10 ($0.65) and last traded at GBX 52.10 ($0.67). 1,641,298 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 2,054,191 shares. The stock had previously closed at GBX 58.60 ($0.75).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on shares of Ceres Power from GBX 650 ($8.31) to GBX 340 ($4.34) and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Ceres Power Stock Performance

The business’s 50-day simple moving average is GBX 83.65 and its two-hundred day simple moving average is GBX 153.60. The firm has a market cap of £115.88 million, a price-to-earnings ratio of -2.87 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.

Insiders Place Their Bets

In other news, insider Stuart Paynter acquired 7,151 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of GBX 139 ($1.78) per share, for a total transaction of £9,939.89 ($12,701.11). Insiders own 40.29% of the company’s stock.

About Ceres Power

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.