Key Points
- CEO insider buying: Arik Kaufman purchased 60,000 Steakholder Foods shares at an average of $0.40 each, increasing his direct holdings by 114.02% to 112,623 shares. He also bought 36,826 shares the previous day.
- Reverse split announced: Steakholder Foods is scheduled to complete a 1-for-5 reverse stock split after the market closes on November 8, with adjusted trading beginning November 9.
- Shares remain under pressure: STKH opened at $0.42 and has fallen sharply from its one-year high of $12.27; the stock carries an average analyst rating of Sell and recently reported a quarterly loss of $1.00 per share.
Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH - Get Free Report) Director Yaron Kaiser bought 26,141 shares of the business's stock in a transaction on Friday, October 30th. The shares were purchased at an average cost of $0.42 per share, for a total transaction of $10,979.22. Following the completion of the purchase, the director owned 67,604 shares in the company, valued at approximately $28,393.68. This trade represents a 63.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Yaron Kaiser also recently made the following trade(s):
- On Thursday, October 29th, Yaron Kaiser bought 30,291 shares of Steakholder Foods stock. The stock was acquired at an average cost of $0.41 per share, with a total value of $12,419.31.
Steakholder Foods Stock Up 2.2%
Shares of Steakholder Foods stock opened at $0.42 on Tuesday. Steakholder Foods Ltd. Sponsored ADR has a 12 month low of $0.30 and a 12 month high of $12.27. The business has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $3.43.
Steakholder Foods shares are set to reverse split on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.
Steakholder Foods (NASDAQ:STKH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.
Analysts Set New Price Targets
A number of analysts have recently issued reports on STKH shares. Weiss Ratings lowered shares of Steakholder Foods from a "sell (e+)" rating to a "sell (e)" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Steakholder Foods to a "sell" rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Steakholder Foods presently has a consensus rating of "Sell".
View Our Latest Report on Steakholder Foods
Steakholder Foods Company Profile
(
Get Free Report)
Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting.
Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.
The company was formerly known as MeaTech 3D Ltd.
Further Reading
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