Steakholder Foods (NASDAQ:STKH) Shares to Reverse Split on Monday, July 27th

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) shares are going to reverse split on the morning of Monday, July 27th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 26th.

Steakholder Foods Stock Down 2.0%

NASDAQ:STKH opened at $0.61 on Friday. The business’s 50-day moving average price is $1.14 and its two-hundred day moving average price is $1.60. Steakholder Foods has a twelve month low of $0.55 and a twelve month high of $18.48.

Steakholder Foods (NASDAQ:STKH) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($24.20) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP purchased a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC). 4.51% of the stock is owned by hedge funds and other institutional investors.

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.