Steakholder Foods (STKH) has unveiled its decision to modify the conversion ratio of its American Depositary Shares (ADS) relative to its ordinary shares. The company will change the existing configuration, where one ADS represents 100 ordinary shares, to a new structure of one ADS representing 500 ordinary shares. This change is scheduled to take effect on April 28.
This adjustment effectively acts as a one-for-five reverse ADS split. Current ADS holders do not need to take any action as the process will be automatic. The move is designed to streamline the company's share structure and potentially enhance the marketability of its ADS on international markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Steakholder Foods Ltd (MTTCF, Financial) is $2.60 with a high estimate of $2.60 and a low estimate of $2.60. The average target implies an upside of 173,265.65% from the current price of $0.00. More detailed estimate data can be found on the Steakholder Foods Ltd (MTTCF) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Steakholder Foods Ltd's (MTTCF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
