Ceres Power (LON:CWR) Trading 20.7% Higher – Time to Buy?

Shares of Ceres Power Holdings plc (LON:CWR) shot up 20.7% on Thursday . The stock traded as high as GBX 258.80 ($3.47) and last traded at GBX 258.60 ($3.47). 80,881,109 shares were traded during mid-day trading, an increase of 3,515% from the average session volume of 2,237,261 shares. The stock had previously closed at GBX 214.20 ($2.87).

Ceres Power Stock Down 1.4%

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 £490.85 million, a P/E ratio of -1,386.72 and a beta of 1.60. The business has a 50-day moving average price of GBX 135.86 and a 200 day moving average price of GBX 98.33.

Ceres Power (LON:CWR) last released its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. On average, equities analysts expect that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

About Ceres Power

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.