Ceres Power Holdings plc (LON:CWR - Get Free Report) shares shot up 13.6% during trading on Tuesday . The company 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 reduced their price objective on Ceres Power from GBX 650 ($8.51) to GBX 340 ($4.45) and set a "buy" rating on the stock in a research report on Tuesday, February 25th.
Read Our Latest Research Report on CWR
Ceres Power Price Performance
The company has a 50 day moving average price of GBX 79.93 and a 200-day moving average price of GBX 151.70. The company has a market cap of £107.41 million, a price-to-earnings ratio of -2.66 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.
Insiders Place Their Bets
In related news, insider Stuart Paynter purchased 7,151 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.82) per share, with a total value of £9,939.89 ($13,010.33). 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.
Further Reading
Before you consider Ceres Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ceres Power wasn't on the list.
While Ceres Power currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
