Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from 23andMe Holding ( (MEHCQ) ).
Chrome Holding Co., formerly known as 23andMe Holding Co., and its subsidiaries filed for Chapter 11 bankruptcy on March 23, 2025. They have since submitted several amended plans to the United States Bankruptcy Court in the Eastern District of Missouri, with the latest being the Second Amended Joint Plan filed on September 30, 2025. This plan includes new classes of claims, a settlement agreement, and a potential Equity Sale Transaction to preserve the company’s equity interests. However, the approval of this plan by the court is uncertain, and trading in the company’s common stock remains highly speculative.
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: 73,567
Technical Sentiment Signal: Sell
Current Market Cap: $106M
Find detailed analytics on MEHCQ stock on TipRanks’ Stock Analysis page.