The 36-month beta value for ME is also noteworthy at 1.19. 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 301.73M, and at present, short sellers hold a 4.72% of that float. The average trading volume of ME on July 29, 2024 was 4.26M shares.
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ME) stock’s latest price update
23andMe Holding Co (NASDAQ: ME) has experienced a decline in its stock price by -0.95 compared to its previous closing price of 0.44. However, the company has seen a fall of -4.41% in its stock price over the last five trading days. globenewswire.com reported 2024-07-25 that SOUTH SAN FRANCISCO, Calif., July 25, 2024 (GLOBE NEWSWIRE) — 23andMe Holding Co. (Nasdaq: ME) (23andMe), a leading human genetics and biopharmaceutical company with a mission to help people access, understand, and benefit from the human genome, announced today that it will report financial results for the first quarter of fiscal year 2025 (FY2025) after the market closes on Thursday, August 8, 2024. The Company will webcast a conference call at 4:30 p.m. Eastern Time on that date to discuss the quarter’s results and report on business progress.
ME’s Market Performance
23andMe Holding Co (ME) has seen a -4.41% fall in stock performance for the week, with a 3.00% gain in the past month and a -6.05% plunge in the past quarter. The volatility ratio for the week is 6.66%, and the volatility levels for the past 30 days are at 8.44% for ME. The simple moving average for the past 20 days is -2.85% for ME’s stock, with a -31.44% 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 -6.29% 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 -77.98% of loss for the given period.
Volatility was left at 8.44%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares surge +12.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.75% lower at present.
During the last 5 trading sessions, ME fell by -3.49%, which changed the moving average for the period of 200-days by -51.98% in comparison to the 20-day moving average, which settled at $0.4512. In addition, 23andMe Holding Co saw -52.27% 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 38,551 shares at the price of $0.49 back on May 02 ’24. After this action, HIBBS KATHY L now owns 1,252,315 shares of 23andMe Holding Co, valued at $19,048 using the latest closing price.
HIBBS KATHY L, the Chief Administrative Officer of 23andMe Holding Co, sale 38,548 shares at $0.47 during a trade that took place back on Apr 18 ’24, which means that HIBBS KATHY L is holding 1,252,315 shares at $18,148 based on the most recent closing price.
Stock Fundamentals for ME
Current profitability levels for the company are sitting at:
- -2.41 for the present operating margin
- 0.45 for the gross margin
The net margin for 23andMe Holding Co stands at -3.04. The total capital return value is set at -1.97. Equity return is now at value -147.75, with -99.67 for asset returns.
Based on 23andMe Holding Co (ME), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -2.03.
Currently, EBITDA for the company is -291.88 million with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 66.08for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
In summary, 23andMe Holding Co (ME) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
