Meten Holding Group Ltd. [METX] Stock trading around $0.31 per share: What’s Next?

Meten Holding Group Ltd. [NASDAQ: METX] gained 1.27% or 0.0 points to close at $0.31 with a heavy trading volume of 20076991 shares. The company report on September 8, 2021 that Meten Holding Group Ltd. Closes $60 Million Underwritten Public Offering of Ordinary Shares and Pre-Funded Warrants to Purchase Ordinary Shares (NASDAQ: METX).

Meten Holding Group Ltd. (“Meten Holding” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers in China, announced the closing of an underwritten public offering (the “Offering”) with gross proceeds to the Company of $60 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The Offering included 22,500,000 of the Company’s ordinary shares at the public offering price of $0.30 per share and 177,500,000 pre-funded warrants. The pre-funded warrants were offered at the public offering price of $0.2999 per share, with a $0.0001 per share exercise price for each pre-funded warrant. The Company intends to use the net proceeds from this Offering for capital expenditures and general corporate and working capital needs.

Aegis Capital Corp. acted as the sole book-running manager for the Offering.

It opened the trading session at $0.3025, the shares rose to $0.3149 and dropped to $0.2908, the range by which the price of stock traded the whole day. The daily chart for METX points out that the company has recorded -85.43% loss over the past six months. However, it is still -10.71% lower than its most recent low trading price.

If we look at the average trading volume of 18.26M shares, METX reached to a volume of 20076991 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Meten Holding Group Ltd. [METX]:

The Average True Range (ATR) for Meten Holding Group Ltd. is set at 0.04, with the Price to Sales ratio for METX stock in the period of the last 12 months amounting to 0.29.

Trading performance analysis for METX stock

Meten Holding Group Ltd. [METX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.90. With this latest performance, METX shares dropped by -16.52% in over the last four-week period, additionally sinking by -85.43% over the last 6 months – not to mention a drop of -92.15% 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 40.61, with the RSI for the last a single of trading hit 41.63, and the three-weeks RSI is set at 39.94 for Meten Holding Group Ltd. [METX]. The present Moving Average for the last 50 days of trading for this stock 0.4487, while it was recorded at 0.3160 for the last single week of trading, and 1.3900 for the last 200 days.

Meten Holding Group Ltd. [METX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Meten Holding Group Ltd. [METX] shares currently have an operating margin of -44.68 and a Gross Margin at +30.49. Meten Holding 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 Holding Group Ltd. [METX] managed to generate an average of -$16,927 per employee.

An analysis of insider ownership at Meten Holding Group Ltd. [METX]

There are presently around $1 million, or 5.80% of METX stock, in the hands of institutional investors. The top three institutional holders of METX stocks are: SABBY MANAGEMENT, LLC with ownership of 733,840, which is approximately New of the company’s market cap and around 17.94% of the total institutional ownership; AMUNDI, holding 511,112 shares of the stock with an approximate value of $0.16 million in METX stocks shares; and AMUNDI ASSET MANAGEMENT US, INC., currently with $0.16 million in METX stock with ownership of nearly -1.709% of the company’s market capitalization.

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Positions in Meten Holding Group Ltd. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 15 institutional holders increased their position in Meten Holding Group Ltd. [NASDAQ:METX] by around 1,708,763 shares. Additionally, 6 investors decreased positions by around 167,206 shares, while 0 investors held positions by with 682,901 shares. The mentioned changes placed institutional holdings at 2,558,870 shares, according to the latest SEC report filing. METX stock had 10 new institutional investments in for a total of 1,599,385 shares, while 3 institutional investors sold positions of 51,317 shares during the same period.

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