Ceres Power (LON:CWR) Hits New 1-Year High – Should You Buy?

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

Ceres Power Trading Up 0.5%

The firm has a market cap of £581.09 million, a P/E ratio of -16.42 and a beta of 1.60. The firm’s fifty day moving average is GBX 172.92 and its two-hundred day moving average is GBX 117.63. 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 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%. Analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share 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.