Steakholder Foods (NASDAQ:STKH) Posts Quarterly Earnings Results

Steakholder Foods (NASDAQ:STKHGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($1.00) earnings per share (EPS) for the quarter, FiscalAI reports.

Steakholder Foods Price Performance

STKH stock opened at $3.18 on Wednesday. The company’s 50-day moving average is $2.42 and its 200-day moving average is $3.74. Steakholder Foods has a 1 year low of $1.08 and a 1 year high of $20.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKHFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent filing with the Securities and Exchange Commission (SEC). 4.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Steakholder Foods in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Steakholder Foods presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on STKH

Steakholder Foods Company Profile

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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.

Further Reading

Earnings History for Steakholder Foods (NASDAQ:STKH)

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