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Discussion » Questions » Random Knowledge » 23 and Me is now on the Nasdaq. Is it worth an investment?

23 and Me is now on the Nasdaq. Is it worth an investment?

Posted - June 21, 2021

Responses


  • 44175
    What is it?
      June 21, 2021 11:16 AM MDT
    0

  • 2969
    They test DNA.
      June 21, 2021 11:25 AM MDT
    1

  • 44175
    Thanks. I can't answer your question, though.
      June 21, 2021 11:26 AM MDT
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  • 2969
    Ok, thank you. 
      June 21, 2021 11:30 AM MDT
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  • 10451
    Well the name has a 3 in it and a 3 is a lucky number so it probably would be a good investment. Cheers! 
      June 21, 2021 11:21 AM MDT
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  • 2969
    OMG, hahahahaha, not in this lifetime. 
      June 21, 2021 11:25 AM MDT
    1

  • 10451
    Is the reason you wouldn't invest in 23 and Me because you live in Germany and in Germany the lucky number is Nein and since 23 and Me doesn't have a nein in it you figure it wouldn't be a good investment? (nein is a German word that is pronounced as nine) Cheers!
      June 21, 2021 11:43 AM MDT
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  • 44175
    Dang, I just bought a power ball and there isn't a 3.
      June 21, 2021 11:35 AM MDT
    1

  • 19942
    According to the Motley Fool:

    "So what

    When first announced back in February, VG Acquisition and 23andMe had posited that their combination would give rise to a company with an implied enterprise value of $3.5 billion. With the merger and IPO so new, however, financial data providers don't yet have their data updated to show us whether that proved out.

    (Tune back in a few days from now, and by then we may know more.)

    Now what

    What we do know is this: In its most recent financial report, 23andMe reported trailing-12-month sales of $306 million, down 31% year over year. The company earned no profit -- losing $251 million instead, a loss 36% worse than in the previous year. And it says investors can expect 23andMe "to continue to incur significant expenses and operating losses for the foreseeable future," reports Yahoo! Finance.  

    Whether 23andMe evolves into a profitable business in the un-foreseeable future remains to be, er, seen. But

    So what

    When first announced back in February, VG Acquisition and 23andMe had posited that their combination would give rise to a company with an implied enterprise value of $3.5 billion. With the merger and IPO so new, however, financial data providers don't yet have their data updated to show us whether that proved out.

    (Tune back in a few days from now, and by then we may know more.)

    Now what

    What we do know is this: In its most recent financial report, 23andMe reported trailing-12-month sales of $306 million, down 31% year over year. The company earned no profit -- losing $251 million instead, a loss 36% worse than in the previous year. And it says investors can expect 23andMe "to continue to incur significant expenses and operating losses for the foreseeable future," reports Yahoo! Finance.  

     

    Whether 23andMe evolves into a profitable business in the un-foreseeable future remains to be, er, seen. But for the time being, the stock remains speculative, and you can expect its share price to wobble accordingly, first zooming on positive sentiment about its chances, only to plunge at the first hint of negative news.

    ."
      June 21, 2021 11:38 AM MDT
    1

  • 2969
    Thank You very much. 
      June 21, 2021 1:23 PM MDT
    0

  • 9778
    It may be. Now that they own all that DNA, who knows what ways they will profit from it.
      June 21, 2021 12:25 PM MDT
    1

  • 2969
    Well, that is a new take on an old story. 
      June 21, 2021 1:23 PM MDT
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  • 581
    No.
      June 21, 2021 2:43 PM MDT
    0