Steakholder Foods (NASDAQ:STKH) Stock Price Down 3.8% – Should You Sell?

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was down 3.8% during trading on Wednesday . The stock traded as low as $3.25 and last traded at $3.29. Approximately 1,128,682 shares traded hands during trading, an increase of 2,043% from the average daily volume of 52,662 shares. The stock had previously closed at $3.42.

Analysts Set New Price Targets

STKH has been the subject of a number of research analyst reports. Wall Street Zen downgraded Steakholder Foods from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Steakholder Foods presently has an average rating of “Sell”.

Steakholder Foods Stock Performance

The business has a fifty day moving average of $3.22 and a 200-day moving average of $7.64. The company has a market capitalization of $4.47 million, a P/E ratio of -0.01 and a beta of 1.41.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently raised its stake in Steakholder Foods stock. Armistice Capital LLC boosted its stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,941 shares of the company’s stock after buying an additional 3,591 shares during the quarter. Armistice Capital LLC owned approximately 14.18% of Steakholder Foods worth $164,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Steakholder Foods Company Profile

Steakholder Foods Ltd., a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter in Israel. The company develops a three-dimensional bioprinter to deposit layers of stem cells and differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat.