Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price traded down 13.4% on Friday . The company traded as low as GBX 293.80 and last traded at GBX 295.40. 1,922,739 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 8,330,596 shares. The stock had previously closed at GBX 341.15.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 530 target price on shares of Ceres Power in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 495.
Check Out Our Latest Stock Report on CWR
Ceres Power Stock Down 14.8%
The company has a debt-to-equity ratio of 2.08, a current ratio of 5.37 and a quick ratio of 12.18. The firm has a market capitalization of £565.83 million, a P/E ratio of -15.92 and a beta of 1.81. The business has a 50 day moving average price of GBX 309.69 and a 200 day moving average price of GBX 269.90.
Ceres Power (LON:CWR - Get Free Report) last announced its earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share for the quarter. Ceres Power had a negative net margin of 79.44% and a negative return on equity of 24.51%. On average, analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.
About Ceres Power
(
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.
Further Reading
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