Ceres Power (LON:CWR) Stock Price Down 34.5% – Time to Sell?

Posted by Tech Dows on Feb 22nd, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report)’s share price traded down 34.5% on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 85.79 ($1.08). 33,282,238 shares changed hands during mid-day trading, an increase of 1,564% from the average session volume of 2,000,404 shares. The stock had previously closed at GBX 131 ($1.66).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.21) target price on shares of Ceres Power in a report on Wednesday, January 29th.

Read Our Latest Report on Ceres Power

Ceres Power Trading Down 2.9 %

The company 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 capitalization of £152.44 million, a PE ratio of -3.78 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In other Ceres Power news, insider Dame Julia King bought 30,200 shares of the business’s stock in a transaction dated Thursday, November 28th. The stock was acquired at an average cost of GBX 165 ($2.08) per share, with a total value of £49,830 ($62,956.41). Also, insider Stuart Paynter bought 7,151 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,558.29). 40.29% of the stock is owned by company insiders.

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.