ITM Power (LON:ITM) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Key Points

• Shares crossed below its 200‑day moving average: ITM Power fell below the 200‑day MA of GBX 69.23, trading as low as GBX 60.90 and last at GBX 63.50 on volume of ~19.0 million shares.
• Analysts are mixed but cautiously positive: two Buy and two Hold ratings give a consensus "Moderate Buy" with an average target of GBX 91.67, while recent targets range from UBS GBX 60 (Neutral) to Berenberg GBX 100 (Buy).
• Weak profitability and high leverage despite liquidity: market cap £391.3m, reported GBX (2.30) EPS for the quarter and a negative net margin of 108%, with a high debt‑to‑equity ratio of 6.99 alongside a current ratio of 2.62 and quick ratio of 7.56.

Shares of ITM Power Plc (LON:ITM - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 69.23 and traded as low as GBX 60.90. ITM Power shares last traded at GBX 63.50, with a volume of 19,000,158 shares.

Wall Street Analyst Weigh In

ITM has been the topic of several research reports. UBS Group reaffirmed a "neutral" rating and issued a GBX 60 target price on shares of ITM Power in a report on Friday, January 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 100 price target on shares of ITM Power in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 91.67.

ITM Power Price Performance

The company has a market capitalization of £391.27 million, a PE ratio of -12.70 and a beta of 2.27. The business's 50-day simple moving average is GBX 63.48 and its 200-day simple moving average is GBX 69.23. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99.

ITM Power (LON:ITM - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 108.00% and a negative return on equity of 14.17%. As a group, equities research analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

ITM Power Company Profile

ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange's AIM market in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.

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