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23andMe Holding ( (MEHCQ) ) has issued an announcement.
On March 23, 2025, Chrome Holding Co., formerly known as 23andMe Holding Co., filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Missouri. The company has been filing monthly operating reports with the court, which are available online for review. These reports are unaudited and not prepared in accordance with GAAP, and the company cautions against placing undue reliance on them. The company also warns that trading in its common stock during the bankruptcy process is highly speculative and poses significant risks.
Spark’s Take on MEHCQ Stock
According to Spark, TipRanks’ AI Analyst, MEHCQ is a Neutral.
23andMe Holding’s overall stock performance is weak, primarily due to significant financial challenges, including declining revenues and persistent net losses. The technical analysis also suggests a bearish trend with no strong momentum to reverse it. The negative valuation metrics further highlight the company’s struggles with profitability. Improvements in financial performance and strategic adjustments to reverse negative trends are critical for enhancing investor confidence.
To see Spark’s full report on MEHCQ stock, click here.
More about 23andMe Holding
Average Trading Volume: 85,464
Technical Sentiment Signal: Sell
Current Market Cap: $104.7M
Find detailed analytics on MEHCQ stock on TipRanks’ Stock Analysis page.