Meten EdtechX Education Group Ltd. [METX] Revenue clocked in at $138.60 million, down -17.00% YTD: What’s Next?

Meten EdtechX Education Group Ltd. [NASDAQ: METX] stock went on a downward path that fall over -4.05% on Tuesday, amounting to a one-week price decrease of less than -2.35%. The company report on April 29, 2021 that Meten EdtechX Reports a 485% Increase in Gross Billing a 483% Increase in Students Enrollment of its Junior ELT Business in the First Quarter of 2021.

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Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), one of the leading omnichannel English language training (“ELT”) service providers in China, reported that the gross billing and student enrollment of its junior ELT business increased by 485% and 483% respectively in the first quarter of 2021 compared to the same period of last year. The figures confirm that the Company has returned to its pre-pandemic rapid growth trajectory.

The Company is actively expanding its junior ELT business within its current network of 22 cities and has received positive market feedback. All of the Company’s learning centers achieved their profit goals in March, and the centers in 7 out of the 22 cities (Foshan, Guangzhou, Changsha, Dongguan, Chengdu, Shenzhen, and Chongqing) recorded gross billing of over RMB1 million. In addition, the gross billing from student renewals and referrals accounted for 61% of the total gross billing of the Company’s junior ELT business in the first quarter, demonstrating that the Company’s products and services have been widely appreciated and recognized by students and their parents.

Over the last 12 months, METX stock dropped by -85.94%.

The market cap for the stock reached $98.24 million, with 55.66 million shares outstanding and 13.20 million shares in the current float. Compared to the average trading volume of 7.64M shares, METX stock reached a trading volume of 6051228 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Meten EdtechX Education Group Ltd. [METX]:

The Average True Range (ATR) for Meten EdtechX Education Group Ltd. is set at 0.22, with the Price to Sales ratio for METX stock in the period of the last 12 months amounting to 0.71.

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 -2.35. With this latest performance, METX shares dropped by -29.96% in over the last four-week period, additionally sinking by -42.16% over the last 6 months – not to mention a drop of -85.94% 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 35.87, with the RSI for the last a single of trading hit 33.28, and the three-weeks RSI is set at 38.79 for Meten EdtechX Education Group Ltd. [METX]. The present Moving Average for the last 50 days of trading for this stock 2.2180, while it was recorded at 1.7100 for the last single week of trading, and 4.3373 for the last 200 days.

Insight into Meten EdtechX Education Group Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Meten EdtechX Education Group Ltd. [METX] shares currently have an operating margin of -44.68 and a Gross Margin at +32.32. Meten EdtechX Education Group Ltd.’s Net Margin is presently recorded at -46.22.

Additionally, METX Total Debt to Total Capital is recorded at 536.31, with Total Debt to Total Assets ending up at 42.36.

Meten EdtechX Education Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

Meten EdtechX Education Group Ltd. [METX] Insider Position Details

There are presently around $2 million, or 11.60% 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 60.39% of the total institutional ownership; BOOTHBAY FUND MANAGEMENT, LLC, holding 500,000 shares of the stock with an approximate value of $0.86 million in METX stocks shares; and POLAR ASSET MANAGEMENT PARTNERS INC., currently with $0.2 million in METX stock with ownership of nearly New of the company’s market capitalization.

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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.

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