Ceres Power (LON:CWR) Stock Price Down 34.5% – Time to Sell?

Posted by Latisha Jones on Feb 22nd, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s stock price was down 34.5% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 85.79 ($1.08). Approximately 33,282,238 shares changed hands during mid-day trading, an increase of 1,564% from the average daily volume of 2,000,404 shares. The stock had previously closed at GBX 131 ($1.66).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.21) price target on shares of Ceres Power in a research note on Wednesday, January 29th.

Check Out Our Latest Stock Analysis on Ceres Power

Ceres Power Stock Down 2.9 %

The firm has a market capitalization of £152.44 million, a price-to-earnings ratio of -3.78 and a beta of 1.60. The stock has a 50 day moving average of GBX 156.02 and a 200 day moving average of GBX 184.78. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling

In related news, insider Dame Julia King bought 30,200 shares of the firm’s stock in a transaction on Thursday, November 28th. The stock was bought at an average cost of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,956.41). Also, insider Stuart Paynter bought 7,151 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,558.29). Insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

(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.