Meten EdtechX Education Group Ltd. (NASDAQ:METX) has seen 33.02 million shares traded in the last trading session. The company, currently valued at $41.90M, closed the last trade at $0.40 per share which meant it gained $0.01 on the day or 1.60% during that session. The METX stock price is -2135.0% off its 52-week high price of $8.94 and 5.0% above the 52-week low of $0.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 53.53 million shares traded. The 3-month trading volume is 8.58 million shares.
The consensus among analysts is that Meten EdtechX Education Group Ltd. (METX) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.13.
Meten EdtechX Education Group Ltd. (NASDAQ:METX) trade information
Sporting 1.60% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the METX stock price touched $0.40 or saw a rise of 57.45%. Year-to-date, Meten EdtechX Education Group Ltd. shares have moved -80.00%, while the 5-day performance has seen it change -29.92%. Over the past 30 days, the shares of Meten EdtechX Education Group Ltd. (NASDAQ:METX) have changed -35.09%. Short interest in the company has seen 1.97 million shares shorted with days to cover at 0.17.
Wall Street analysts have a consensus price target for the stock at $3.00, which means that the shares’ value could jump 86.67% from current levels. The projected low price target is $3.00 while the price target rests at a high of $3.00. In that case, then, we find that the current price level is -650.0% off the targeted high while a plunge would see the stock gain -650.0% from current levels.
Meten EdtechX Education Group Ltd. (METX) estimates and forecasts
The company’s shares have lost -83.87% over the past 6 months.
1 analysts offering their estimates for the company have set an average revenue estimate of $31.71 million for the current quarter. 1 have an estimated revenue figure of $32.03 million for the next quarter concluding in Sep 2021.
Meten EdtechX Education Group Ltd. is expected to release its next earnings report between August 26 and August 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Meten EdtechX Education Group Ltd. (NASDAQ:METX)’s Major holders
Insiders own 32.92% of the company shares, while shares held by institutions stand at 6.67% with a share float percentage of 9.94%. Investors are also buoyed by the number of investors in a company, with Meten EdtechX Education Group Ltd. having a total of 18 institutions that hold shares in the company. The top two institutional holders are Amundi Asset Management US, Inc. with over 0.51 million shares worth more than $1.23 million. As of Mar 30, 2021, Amundi Asset Management US, Inc. held 0.49% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 0.27 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $0.65 million and represent 0.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Golden Dragon China ETF and Fidelity NASDAQ Composite Index Fund. As of May 30, 2021, the former fund manager holds about 0.05% shares in the company for having 51849.0 shares of worth $49961.0 while later fund manager owns 24844.0 shares of worth $42483.0 as of Apr 29, 2021, which makes it owner of about 0.02% of company’s outstanding stock.