Meten EdtechX Education Group Ltd. [NASDAQ: METX] price surged by 0.44 percent to reach at $0.01. The company report on March 12, 2021 that Meten EdtechX Utilizes Blockchain Technology to Revolutionize Education Industry.
Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced its strategy to make full use of blockchain technology in the education industry. The Company believes that the ongoing experimentations and innovations of applying blockchain technology in the education industry are promising.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
As a distributed ledger technology, blockchain promotes consensus since it acts a record-keeping platform. it is transparent because participants in the chain can download and validate individual ledgers and it is permanent because those ledgers cannot be altered. The Company expects to apply these characteristics to the education sector.
A sum of 8649177 shares traded at recent session while its average daily volume was at 5.20M shares. Meten EdtechX Education Group Ltd. shares reached a high of $2.66 and dropped to a low of $2.17 until finishing in the latest session at $2.26.
Guru’s Opinion on Meten EdtechX Education Group Ltd. [METX]:
The Average True Range (ATR) for Meten EdtechX Education Group Ltd. is set at 0.30, with the Price to Sales ratio for METX stock in the period of the last 12 months amounting to 1.17.
METX Stock Performance Analysis:
Meten EdtechX Education Group Ltd. [METX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.91. With this latest performance, METX shares gained by 3.20% in over the last four-week period, additionally sinking by -64.80% over the last 6 months – not to mention a drop of -80.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for METX stock in for the last two-week period is set at 44.89, with the RSI for the last a single of trading hit 41.32, and the three-weeks RSI is set at 46.54 for Meten EdtechX Education Group Ltd. [METX]. The present Moving Average for the last 50 days of trading for this stock 2.41, while it was recorded at 2.35 for the last single week of trading, and 5.61 for the last 200 days.
Insight into Meten EdtechX Education Group Ltd. Fundamentals:
Meten EdtechX Education Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Meten EdtechX Education Group Ltd. [METX] Insider Position Details
There are presently around $3 million, or 7.50% of METX stock, in the hands of institutional investors. The top three institutional holders of METX stocks are: AMUNDI PIONEER ASSET MANAGEMENT INC with ownership of 520,000, which is approximately New of the company’s market cap and around 70.56% of the total institutional ownership; BOOTHBAY FUND MANAGEMENT, LLC, holding 500,000 shares of the stock with an approximate value of $1.13 million in METX stocks shares; and POLAR ASSET MANAGEMENT PARTNERS INC., currently with $0.27 million in METX stock with ownership of nearly New of the company’s market capitalization.
9 institutional holders increased their position in Meten EdtechX Education Group Ltd. [NASDAQ:METX] by around 1,044,340 shares. Additionally, 4 investors decreased positions by around 4,755 shares, while 0 investors held positions by with 317,451 shares. The mentioned changes placed institutional holdings at 1,366,546 shares, according to the latest SEC report filing. METX stock had 5 new institutional investments in for a total of 769,891 shares, while 3 institutional investors sold positions of 3,677 shares during the same period.