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Meten Holding Group Ltd. (NASDAQ: METX) Slashes -2.24%: Is This A Sign Of Things To Come?

Meten Holding Group Ltd. (NASDAQ:METX) shares, rose in value on Friday, 05/13/22, with the stock price down by -2.24% to the previous day’s close as strong demand from buyers drove the stock to $1.31.

Actively observing the price movement in the last trading, the stock closed the session at $1.34, falling within a range of $1.30 and $1.44. The value of beta (5-year monthly) was -1.26. Referring to stock’s 52-week performance, its high was $50.10, and the low was $1.23. On the whole, METX has fluctuated by -66.18% over the past month.

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With the market capitalization of Meten Holding Group Ltd. currently standing at about $20.76 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 22, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.43 and then to about -$0.2 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $31.71 million, with a low estimate of $31.71 million and a high estimate of $31.71 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that METX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of METX currently trading nearly -53.80% and -68.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 12.78, while the 7-day volatility ratio is showing 15.12% which for the 30-day chart, stands at 12.24%. Furthermore, Meten Holding Group Ltd. (METX)’s beta value is -0.89, and its average true range (ATR) is 0.33.

Data on historical trading for Meten Holding Group Ltd. (NASDAQ:METX) indicates that the trading volumes over the past 10 days have averaged 10.54 million and over the past 3 months, they’ve averaged 669.49K. According to company’s latest data on outstanding shares, there are 341.14 million shares outstanding.

Nearly 6.86% of Meten Holding Group Ltd.’s shares belong to company insiders and institutional investors own 3.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.55 million shares as on Feb 14, 2022, resulting in a short ratio of 0.45. According to the data, the short interest in Meten Holding Group Ltd. (METX) stood at 1.92% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 13.17 million. The stock has fallen by -82.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the METX stock heading into the next quarter.

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