Meten EdtechX Education Group Ltd. (NASDAQ:METX) price is hovering lower on Monday, September 13, dropping -2.41% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.37, with intraday deals fluctuating between $0.3711 and $0.3935. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.94 and 52-week low of $0.37. The stock subtracted -35.16% on its value in the past month.
Meten EdtechX Education Group Ltd., which has a market valuation of $48.08 million, is expected to release its quarterly earnings report Dec 02, 2021 – Dec 06, 2021. Analysts tracking METX have forecast the quarterly EPS to shrink by -0.13 per share this quarter, while the same analysts predict the annual EPS to hit -$0.52 for the year 2021 and up to -$0.39 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $31.71 million, with the likely lows of $31.71 million and highs of $31.71 million. Staying with the analyst view, there is a consensus estimate of $127.62 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give METX a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned METX a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Meten EdtechX Education Group Ltd. (METX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that METX’s price is at present -30.26% off the SMA20 and -39.43% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.26, with weekly volatility standing at 8.11%. The indicator jumps to 10.86% when calculated based on the past 30 days. Meten EdtechX Education Group Ltd. (NASDAQ:METX)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.08. Considering analysts have assigned the stock a price target range of $3.00-$3.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.00. Based on this estimate, we see that today’s price at last check is roughly -733.33% off the estimated low and -733.33% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.00, which is the median consensus price, and at that level METX would be -733.33% from recent price.
An analysis of the Meten EdtechX Education Group Ltd. (NASDAQ:METX) stock in terms of its daily trading volume indicates that the 3-month average is 10.73 million.
Current records show that the company has 128.75M in outstanding shares. The insiders’ percentage holdings are 32.92% of outstanding shares while the percentage share held by institutions stands at 6.00%. But the -81.33% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.