Meten EdtechX Education Group Ltd. (NASDAQ:METX) traded at $1.73 at close of the session on Tuesday, May 04, made an upward move of 1.17% on its previous day’s price.
Looking at the stock we see that its previous close was $1.71 and the beta (5Y monthly) reads 0 with the day’s price range being $1.6600 – 1.8091. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, METX has a high of $13.02 and a low of $1.52. The company’s stock has gained about -27% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the METX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Meten EdtechX Education Group Ltd. (METX) stock to its peers. We find that current price change of +1.17% and -85.09% over the past 12 months for METX competes that of Tal Education Group (TAL), which has seen its stock price fall -1.42% in the last trading session and was +12.51% over the last one year. Another of its peers New Oriental Education & Technology Group (EDU) has dropped -1.05% previous session, and was +25.72% up over the past year, while Bright Horizons Family Solutions Inc (BFAM) was also up 1.17% in the last session, while its price remained in the red at -85.09% over the same period. Meten EdtechX Education Group Ltd. has a P/E ratio of 0 compared to Tal Education Group’s 0 and New Oriental Education & Technology Group’s 62.92. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to Meten EdtechX Education Group Ltd. (NASDAQ:METX), we note that the average 3-month trading volume was 5.46 Million, while that of the preceding 10-day period stands at 1.89 Million. Current shares outstanding are 56.87 Million.
According to data from Thomson Reuters, insiders hold 60.39% of the company’s shares while institutions hold 11.55%. The data shows that short shares as of April 14, 2021, stood at 1.56 Million at a short ratio of 0.69. This represents a 2.75% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 616.74 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -13.5% down in year-to-date price movement.