Steakholder Foods Ltd ADR (STKH) Shares Plummet Below 1-Year High

Steakholder Foods Ltd ADR (NASDAQ: STKH) has experienced a decline in its stock price by -9.06 compared to its previous closing price of 0.54. However, the company has seen a fall of -20.24% in its stock price over the last five trading days. InvestorPlace reported 2024-01-07 that If you’re wondering if there are any worthwhile food stocks to own currently, look no further. Food stocks saw collective investor enthusiasm fall off a cliff in recent years.

Is It Worth Investing in Steakholder Foods Ltd ADR (NASDAQ: STKH) Right Now?

The stock has a 36-month beta value of 1.69.

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The public float for STKH is 14.03M, and at present, short sellers hold a 0.18% of that float. On April 03, 2024, the average trading volume of STKH was 121.13K shares.

STKH’s Market Performance

The stock of Steakholder Foods Ltd ADR (STKH) has seen a -20.24% decrease in the past week, with a -21.13% drop in the past month, and a -15.33% fall in the past quarter. The volatility ratio for the week is 8.55%, and the volatility levels for the past 30 days are at 7.03% for STKH. The simple moving average for the past 20 days is -17.41% for STKH’s stock, with a -35.57% simple moving average for the past 200 days.

STKH Trading at -18.59% from the 50-Day Moving Average

After a stumble in the market that brought STKH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.10% of loss for the given period.

Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 8.55%, as shares sank -18.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.78% lower at present.

During the last 5 trading sessions, STKH fell by -20.24%, which changed the moving average for the period of 200-days by -38.61% in comparison to the 20-day moving average, which settled at $0.5889. In addition, Steakholder Foods Ltd ADR saw -15.33% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for STKH

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.

Conclusion

To sum up, Steakholder Foods Ltd ADR (STKH) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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