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Meten Holding Group Ltd. (METX) Has Recovered 15.56% From Its Low: Is This The Beginning Of A Trend?

Meten Holding Group Ltd. (NASDAQ:METX) price on Thursday, May 26, rose 13.45% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.35.

A look at the stock’s price movement, the close in the last trading session was $1.19, moving within a range at $1.1605 and $1.38. The beta value (5-Year monthly) was -1.28. Turning to its 52-week performance, $31.20 and $1.14 were the 52-week high and 52-week low respectively. Overall, METX moved -57.14% over the past month.

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Meten Holding Group Ltd.’s market cap currently stands at around $15.97 million, with investors looking forward to this quarter’s earnings report slated for Nov 22, 2021. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2021 EPS growth forecast to increase to -$12.9 and about -$6 for fiscal year 2022.

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

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that METX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

METX’s current price about -28.17% and -61.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 23.59, while 7-day volatility ratio is 10.78% and 13.13% in the 30-day chart. Further, Meten Holding Group Ltd. (METX) has a beta value of -0.58, and an average true range (ATR) of 0.21.

In the market, a comparison of Meten Holding Group Ltd. (METX) and its peers suggest the former has performed considerably stronger. Data shows METX’s intraday price has changed 13.45% in last session and -95.45% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.99% and 1.61% respectively in the last trading.

If we refocus on Meten Holding Group Ltd. (NASDAQ:METX), historical trading data shows that trading volumes averaged 681.70K over the past 3 months. The company’s latest data on shares outstanding shows there are 11.83 million shares.

Current price change has pushed the stock -82.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the METX stock continues to rise going into the next quarter.

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