Steakholder Foods (NASDAQ:STKH) Stock Price Down 3.2% – Here’s What Happened

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH)’s share price traded down 3.2% on Friday . The stock traded as low as $1.17 and last traded at $1.21. 2,862 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 10,987 shares. The stock had previously closed at $1.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Steakholder Foods Stock Down 3.2%

The stock has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $2.85. The company has a market cap of $1.67 million, a price-to-earnings ratio of 0.00 and a beta of 1.45.

Institutional Trading of 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:STKH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods as of its most recent SEC filing. 4.51% of the stock is owned by institutional investors and hedge funds.

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.