23andMe Holding Co (ME) Stock: A Closer Look at the Analyst Ratings

Additionally, the 36-month beta value for ME is 1.27. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for ME is 280.62M and currently, short sellers hold a 11.03% ratio of that float. The average trading volume of ME on April 02, 2024 was 7.08M shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

ME) stock’s latest price update

The stock price of 23andMe Holding Co (NASDAQ: ME) has surged by 1.73 when compared to previous closing price of 0.53, but the company has seen a 18.87% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-24 that Shares of 23andMe have been hurt severely since the company’s stock market debut in 2021. Several billionaire investors acquired shares of 23andMe during the last three months of 2023.

ME’s Market Performance

ME’s stock has risen by 18.87% in the past week, with a monthly drop of -1.51% and a quarterly drop of -41.31%. The volatility ratio for the week is 10.82% while the volatility levels for the last 30 days are 10.25% for 23andMe Holding Co The simple moving average for the past 20 days is 9.37% for ME’s stock, with a -47.19% simple moving average for the past 200 days.

Analysts’ Opinion of ME

Many brokerage firms have already submitted their reports for ME stocks, with Berenberg repeating the rating for ME by listing it as a “Buy.” The predicted price for ME in the upcoming period, according to Berenberg is $7 based on the research report published on November 29, 2022 of the previous year 2022.

Cowen, on the other hand, stated in their research note that they expect to see ME reach a price target of $6. The rating they have provided for ME stocks is “Outperform” according to the report published on September 22nd, 2022.

Citigroup gave a rating of “Neutral” to ME, setting the target price at $13 in the report published on November 15th of the previous year.

ME Trading at -12.42% from the 50-Day Moving Average

After a stumble in the market that brought ME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.89% of loss for the given period.

Volatility was left at 10.25%, however, over the last 30 days, the volatility rate increased by 10.82%, as shares surge +1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.04% lower at present.

During the last 5 trading sessions, ME rose by +18.12%, which changed the moving average for the period of 200-days by -71.36% in comparison to the 20-day moving average, which settled at $0.4905. In addition, 23andMe Holding Co saw -41.31% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ME starting from HIBBS KATHY L, who sale 38,548 shares at the price of $0.46 back on Mar 21 ’24. After this action, HIBBS KATHY L now owns 1,252,315 shares of 23andMe Holding Co, valued at $17,894 using the latest closing price.

HIBBS KATHY L, the Chief Administrative Officer of 23andMe Holding Co, sale 38,548 shares at $0.53 during a trade that took place back on Mar 07 ’24, which means that HIBBS KATHY L is holding 1,252,315 shares at $20,430 based on the most recent closing price.

Stock Fundamentals for ME

Current profitability levels for the company are sitting at:

  • -2.17 for the present operating margin
  • 0.45 for the gross margin

The net margin for 23andMe Holding Co stands at -2.1. The total capital return value is set at -1.16. Equity return is now at value -92.53, with -63.93 for asset returns.

Based on 23andMe Holding Co (ME), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -2.33. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 118.62.

Currently, EBITDA for the company is -287.51 million with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 10.32for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.

Conclusion

In conclusion, 23andMe Holding Co (ME) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.

Related Posts