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23andMe Holding ( (MEHCQ) ) has provided an update.
On March 23, 2025, Chrome Holding Co., formerly known as 23andMe Holding Co., along with its subsidiaries, filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Missouri. The company has since submitted a Joint Plan and related disclosure statement, which received court approval on October 1, 2025, allowing the company to solicit votes for the plan. The plan, which includes a modified settlement agreement and other changes, is set for a confirmation hearing on November 19, 2025. The company warns that trading in its common stock during the bankruptcy proceedings 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: 71,707
Technical Sentiment Signal: Sell
Current Market Cap: $82.91M
For detailed information about MEHCQ stock, go to TipRanks’ Stock Analysis page.