Is 23andMe a good stock to buy?

23andMe has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. 23andMe has only been the subject of 1 research reports in the past 90 days. Read more about 23andMe's stock forecast and price target. 12.81% of the float of 23andMe has been sold short.

How difficult is it to forecast 23andMe stock's short-term price action?

It's difficult to forecast ME stock's short-term price action because it will depend a lot on investor sentiment. In 2024, 23andMe forecasts revenue of $400 million and a gross margin of 58 percent, compared with $247 million and 45 percent in 2021.

Will 23andMe stock go public in 2021?

In June, 23andMe ( ME -4.51%) officially finished the process of going public via a special purpose acquisition company ( SPAC ). These investment vehicles were popular in early 2021, but many have lost value in recent months. This includes 23andMe stock, which currently sits almost 50% below its all-time high.