The stock of 23andMe Holding Co (NASDAQ: ME) has increased by 15.55 when compared to last closing price of 2.83. Despite this, the company has experienced a -30.57% fall in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-18 that Thunder Bay, Ontario–(Newsfile Corp. – November 18, 2024) – Metals Creek Resources Corp. (TSXV: ME) (FSE: M1C1) (the “Company” or Metals Creek) further to its November 5, 2024 news release, the Company announces that it has received Conditional Approval from the TSX Venture Exchange for its non-brokered private placement financing (the “Financing”) and has closed the first tranche of the Financing for aggregate gross proceeds in this first tranche of $303,500. The Company has issued 8,671,430 flow-through units at a price of $0.035 per unit (the “FT Units”), each FT Unit consisting of one flow-through common share (the “FT Shares”) and one half of a non-flow-through common share purchase warrant (the “FT Warrants”), each full FT Warrant entitling the holder to purchase one additional non-flow-through common share of the Company at an exercise price of $0.07 per common share for a period of 24 months from the date of issue.
Is It Worth Investing in 23andMe Holding Co (NASDAQ: ME) Right Now?
The 36-month beta value for ME is also noteworthy at 1.18. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ME is 14.45M, and at present, short sellers hold a 8.29% of that float. The average trading volume of ME on November 19, 2024 was 250.37K shares.
ME’s Market Performance
ME stock saw a decrease of -30.57% in the past week, with a monthly decline of -33.13% and a quarterly a decrease of -51.00%. The volatility ratio for the week is 16.90%, and the volatility levels for the last 30 days are 7.79% for 23andMe Holding Co (ME). The simple moving average for the past 20 days is -25.67% for ME’s stock, with a -61.35% 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 -40.60% 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 -83.97% of loss for the given period.
Volatility was left at 7.79%, however, over the last 30 days, the volatility rate increased by 16.90%, as shares sank -34.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.65% lower at present.
During the last 5 trading sessions, ME fell by -32.08%, which changed the moving average for the period of 200-days by -75.66% in comparison to the 20-day moving average, which settled at $4.40. In addition, 23andMe Holding Co saw -82.10% 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 Sequoia Grove UK LP, who proposed sale 3,615 shares at the price of $3.82 back on Nov 15 ’24. After this action, Sequoia Grove UK LP now owns shares of 23andMe Holding Co, valued at $13,809 using the latest closing price.
Sequoia Grove II LLC, the Affiliate of 23andMe Holding Co, proposed sale 321,219 shares at $3.82 during a trade that took place back on Nov 15 ’24, which means that Sequoia Grove II LLC is holding shares at $1,227,057 based on the most recent closing price.
Stock Fundamentals for ME
Current profitability levels for the company are sitting at:
- -2.45 for the present operating margin
- 0.44 for the gross margin
The net margin for 23andMe Holding Co stands at -3.18. The total capital return value is set at -2.85. Equity return is now at value -169.23, with -109.86 for asset returns.
Based on 23andMe Holding Co (ME), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -1.84.
Currently, EBITDA for the company is -291.87 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 433.32for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
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.
