Steakholder Foods (NASDAQ:STKH) Issues Quarterly Earnings Results

Steakholder Foods (NASDAQ:STKH) posted its quarterly earnings data on Tuesday. The company reported ($1.00) EPS for the quarter, FiscalAI reports.

Steakholder Foods Price Performance

NASDAQ:STKH opened at $3.48 on Tuesday. The stock has a 50-day simple moving average of $2.41 and a two-hundred day simple moving average of $3.75. Steakholder Foods has a 52-week low of $1.08 and a 52-week high of $20.91.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 3.89% of Steakholder Foods as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Steakholder Foods in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Steakholder Foods

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.