Ceres Power (LON:CWR) Stock Price Up 13.6% - Should You Buy?

Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 13.6% during trading on Monday . The stock traded as high as GBX 57.60 ($0.75) and last traded at GBX 54.80 ($0.72). 9,372,030 shares traded hands during mid-day trading, an increase of 334% from the average session volume of 2,161,570 shares. The stock had previously closed at GBX 48.24 ($0.63).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on shares of Ceres Power from GBX 650 ($8.51) to GBX 340 ($4.45) and set a "buy" rating on the stock in a research note on Tuesday, February 25th.

Ceres Power Stock Performance

The company's fifty day simple moving average is GBX 79.93 and its two-hundred day simple moving average is GBX 151.70. 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 stock has a market capitalization of £107.41 million, a P/E ratio of -2.66 and a beta of 1.60.

Insider Buying and Selling

In related news, insider Stuart Paynter bought 7,151 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 139 ($1.82) per share, for a total transaction of £9,939.89 ($13,010.33). 40.29% of the stock is owned by company insiders.

Ceres Power Company Profile

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.