Steakholder Foods (NASDAQ:STKH) Posts Quarterly Earnings Results

Steakholder Foods (NASDAQ:STKHGet Free Report) announced its quarterly earnings data on Thursday. The company reported ($24.20) EPS for the quarter, FiscalAI reports.

Steakholder Foods Stock Down 6.4%

NASDAQ STKH traded down $0.11 during trading on Friday, reaching $1.61. 6,163 shares of the company’s stock were exchanged, compared to its average volume of 43,954. The company has a 50 day moving average price of $1.52 and a two-hundred day moving average price of $2.25. Steakholder Foods has a 1 year low of $1.12 and a 1 year high of $30.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Research Report on Steakholder Foods

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKHFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned about 1.03% of Steakholder Foods as of its most recent SEC filing. Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

(Get Free Report)

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.

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Earnings History for Steakholder Foods (NASDAQ:STKH)

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