Ceres Power (LON:CWR) Trading 14.5% Higher – Time to Buy?

Ceres Power Holdings plc (LON:CWR)’s stock price was up 14.5% on Friday . The stock traded as high as GBX 192 ($2.59) and last traded at GBX 189 ($2.55). Approximately 81,542,156 shares traded hands during trading, an increase of 3,563% from the average daily volume of 2,226,405 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Price Performance

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The company has a 50 day moving average price of GBX 121.61 and a 200-day moving average price of GBX 90.20. The company has a market cap of £368.51 million, a price-to-earnings ratio of -1,041.10 and a beta of 1.60.

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

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.