Ceres Power (LON:CWR) Reaches New 1-Year Low - Time to Sell?

Ceres Power Holdings plc (LON:CWR - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 58.15 ($0.75) and last traded at GBX 65.15 ($0.84), with a volume of 1263510 shares trading hands. The stock had previously closed at GBX 61.90 ($0.80).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on Ceres Power from GBX 650 ($8.43) to GBX 340 ($4.41) and set a "buy" rating for the company in a research report on Tuesday, February 25th.

Ceres Power Stock Performance

The company has a 50-day moving average of GBX 115.64 and a 200 day moving average of GBX 168.30. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of £131.84 million, a PE ratio of -3.27 and a beta of 1.60.

Insider Activity

In other Ceres Power news, insider Stuart Paynter acquired 7,151 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of GBX 139 ($1.80) per share, with a total value of £9,939.89 ($12,888.86). 40.29% of the stock is currently owned by corporate insiders.

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.