This trade activity should not be overlooked: Meten Holding Group Ltd. (METX)

Meten Holding Group Ltd. (NASDAQ: METX) stock fell -3.41% on Wednesday to $0.23 against a previous-day closing price of $0.24. With 0.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.26 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $0.2410 whereas the lowest price it dropped to was $0.2305. The 52-week range on METX shows that it touched its highest point at $11.64 and its lowest point at $0.21 during that stretch. Beta for the stock currently stands at -0.49.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of METX was down-trending over the past week, with a drop of -8.06%, but this was down by -14.11% over a month. Three-month performance dropped to -68.57% while six-month performance fell -80.45%. The stock lost -97.83% in the past year, while it has lost -96.90% so far this year. A look at the trailing 12-month EPS for METX yields -14.35 with Next year EPS estimates of -2.64. For the next quarter, that number is -0.13. This implies an EPS growth rate of 87.30% for this year and 79.50% for next year.

Float and Shares Shorts:

At present, 11.37 million METX shares are outstanding with a float of 10.58 million shares on hand for trading. On Oct 30, 2022, short shares totaled 0.43 million, which was 3.20% higher than short shares on Sep 29, 2022. In addition to Maggie Zeng as the firm’s Exec. Officer, Mr. Jishuang Zhao serves as its Founder & Chairman.

Institutional Ownership:

Through their ownership of 10.17% of METX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.46% of METX, in contrast to 0.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in METX with 4.56% of the stake, Empery Asset Management LP holds 577,231 shares worth 577,231. A second-largest stockholder of METX, Sabby Management LLC, holds 330,504 shares, controlling over 2.61% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in METX, holding 73,800 shares or 0.58% stake. With a 0.06% stake in METX, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 7,857 shares are owned by the mutual fund manager. The Pharus SICAV – Dynamic Allocation, which owns about 0.00% of METX stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $729.00M while operating income stood at -$365.42M. EBITDA for the full year was -$246.28M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for METX since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With METX analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, METX could surge 1204.35% to reach the target high and rise by 1204.35% to reach the target low. Reaching the average price target will result in a growth of 1204.35% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. METX will report FY 2022 earnings on 06/02/2023. Analysts have provided yearly estimates in a range of -$2.64 being high and -$2.64 being low. For METX, this leads to a yearly average estimate of -$2.64. Based on analyst estimates, the high estimate for the next quarter is -$0.67 and the low estimate is -$0.67. The average estimate for the next quarter is thus -$0.67.

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