Meten EdtechX Education Group Ltd. [NASDAQ: METX] plunged by -$0.07 during the normal trading session on Thursday and reaching a high of $1.35 during the day while it closed the day at $1.24. The company report on May 20, 2021 that Meten EdtechX Announces Financial Results for the First Quarter Ended March 31, 2021.
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, announced its financial results for the first quarter ended March 31, 2021.
Meten EdtechX Education Group Ltd. stock has also loss -4.62% of its value over the past 7 days. However, METX stock has declined by -54.07% in the 3 months of the year. Over the past six months meanwhile, it has lost -62.42% and lost -38.00% year-on date.
The market cap for METX stock reached $76.79 million, with 62.77 million shares outstanding and 13.20 million shares in the current float. Compared to the average trading volume of 5.98M shares, METX reached a trading volume of 1986833 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Meten EdtechX Education Group Ltd. [METX]:
The Average True Range (ATR) for Meten EdtechX Education Group Ltd. is set at 0.18, with the Price to Sales ratio for METX stock in the period of the last 12 months amounting to 0.55.
METX stock trade performance evaluation
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 -4.62. With this latest performance, METX shares dropped by -32.61% in over the last four-week period, additionally sinking by -62.42% over the last 6 months – not to mention a drop of -87.08% 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 29.18, with the RSI for the last a single of trading hit 25.84, and the three-weeks RSI is set at 33.03 for Meten EdtechX Education Group Ltd. [METX]. The present Moving Average for the last 50 days of trading for this stock 1.9988, while it was recorded at 1.3440 for the last single week of trading, and 3.7308 for the last 200 days.
Meten EdtechX Education Group Ltd. [METX]: An insightful look at the core 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 +30.49. Meten EdtechX Education Group Ltd.’s Net Margin is presently recorded at -45.82.
Additionally, METX Total Debt to Total Capital is recorded at 536.31, with Total Debt to Total Assets ending up at 42.36.
Reflecting on the efficiency of the workforce at the company, Meten EdtechX Education Group Ltd. [METX] managed to generate an average of -$16,927 per employee.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 Ownership positions
There are presently around $1 million, or 10.20% of METX stock, in the hands of institutional investors. The top three institutional holders of METX stocks are: AMUNDI ASSET MANAGEMENT US, INC. with ownership of 511,112, which is approximately -1.709% of the company’s market cap and around 53.39% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 269,600 shares of the stock with an approximate value of $0.33 million in METX stocks shares; and HRT FINANCIAL LP, currently with $0.1 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 329,222 shares. Additionally, 8 investors decreased positions by around 687,343 shares, while 0 investors held positions by with 8,140 shares. The mentioned changes placed institutional holdings at 1,008,425 shares, according to the latest SEC report filing. METX stock had 7 new institutional investments in for a total of 156,949 shares, while 6 institutional investors sold positions of 678,314 shares during the same period.