Ceres Power Holdings plc (LON:CWR - Get Free Report) was down 40.4% on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 78.08 ($0.99). Approximately 28,374,732 shares were traded during trading, an increase of 1,422% from the average daily volume of 1,864,084 shares. The stock had previously closed at GBX 131 ($1.66).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 650 ($8.21) target price on shares of Ceres Power in a research note on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Ceres Power
Ceres Power Stock Performance
The stock has a 50 day simple moving average of GBX 156.02 and a 200 day simple moving average of GBX 184.78. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market cap of £152.44 million, a P/E ratio of -3.78 and a beta of 1.60.
Insiders Place Their Bets
In other Ceres Power news, insider Stuart Paynter bought 7,151 shares of Ceres Power stock in a transaction on Wednesday, January 29th. The shares were purchased 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 bought 30,200 shares of Ceres Power stock in a transaction on Thursday, November 28th. The stock was acquired at an average cost 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
(
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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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