Meten EdtechX Education Group Ltd. (METX) saw an uptrend of 4.95% in the recent trading with $0.73 being its most recent. The current price level -93.87% lower than the highest price of $11.86 marked by the stock while trading over the past 52-weeks, whereas it is 18.51% higher than the lowest price of $0.61 the company dropped to over past 52-weeks. The latest news story on METX appeared in PR Newswire under the title “Meten EdtechX Reports a 316.9% Increase in Gross Billing and a 240.9% Increase in Students Enrollment of its Junior ELT Business in the First Half of 2021” on Jul-21-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -27.28% below one month high and is +18.51% above of the lowest during that time. Looking into the simple moving average, Meten EdtechX Education Group Ltd. (METX)’s stock stands at a SMA-50 of $0.9949 while that of 5-day is reading $0.7013.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and METX’s SMA-200 as of now is $2.1322.
Meten EdtechX Education Group Ltd. Earnings – What Happened With METX
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $31.53 billion.
METX – Meten EdtechX Education Group Ltd. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 55.66 million. METX does have institutional investors; and they hold 6.60% of the stock.
Meten EdtechX Education Group Ltd. – Insider Activity and Holdings
Technical Analysis of Meten EdtechX Education Group Ltd. (NASDAQ:METX) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Meten EdtechX Education Group Ltd. (METX), we notice that the stock’s 20-day average volume is at 2,032,425 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 6,411,752 shares. And to end, METX’s 100-day average volume is 6,556,647 shares with 100% of the long-term indicators pointing towards Sell for the stock.