Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price fell 34.9% on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 85.24 ($1.08). 32,845,063 shares changed hands during mid-day trading, an increase of 1,552% from the average session volume of 1,988,260 shares. The stock had previously closed at GBX 131 ($1.66).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued 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.
Read Our Latest Stock Analysis on CWR
Ceres Power Stock Performance
The firm's 50 day moving average price is GBX 156.02 and its two-hundred day moving average price is GBX 184.78. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The firm has a market cap of £152.44 million, a PE ratio of -3.78 and a beta of 1.60.
Insider Activity
In other news, insider Stuart Paynter purchased 7,151 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,558.29). Also, insider Dame Julia King acquired 30,200 shares of the firm's stock in a transaction dated Thursday, November 28th. The stock was bought at an average price of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,956.41). Corporate insiders own 40.29% of the company's stock.
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.
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