Ceres Power (LON:CWR) Hits New 52-Week High – Should You Buy?

Ceres Power Holdings plc (LON:CWR) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 318.60 and last traded at GBX 305.29, with a volume of 5591135 shares traded. The stock had previously closed at GBX 298.

Ceres Power Stock Up 5.1%

The stock has a market capitalization of £759.79 million, a price-to-earnings ratio of -21.41 and a beta of 1.60. The business’s 50-day moving average is GBX 181.91 and its two-hundred day moving average is GBX 121.19. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Ceres Power (LON:CWR) last posted 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 return on equity of 22.96% and a negative net margin of 101.69%. Equities analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS for the current 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.