Steakholder Foods (STKH) Expected to Announce Quarterly Earnings on Monday

Steakholder Foods (NASDAQ:STKH) is anticipated to issue its results before the market opens on Monday, March 30th. Analysts expect the company to announce earnings of ($16.00) per share for the quarter.

Steakholder Foods Trading Down 5.8%

NASDAQ STKH traded down $0.08 during trading hours on Wednesday, reaching $1.30. 6,114 shares of the company traded hands, compared to its average volume of 59,064. The stock has a market capitalization of $1.79 million, a PE ratio of 0.00 and a beta of 1.45. Steakholder Foods has a 12 month low of $1.12 and a 12 month high of $48.60. The company has a 50 day moving average of $1.70 and a two-hundred day moving average of $2.77.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Steakholder Foods currently has an average rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.