The price of Meten Holding Group Ltd. (NASDAQ:METX) shares last traded on Wall Street rose 8.00% to $0.27.
Based on available information, 1 analysts follow Meten Holding Group Ltd. (NASDAQ:METX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $0.25, this indicates a potential upside of 1100.0 percent. METX stock price is now -24.60% away from the 50-day moving average and -88.02% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
A total of 6.84% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in METX stock. A new stake in Meten Holding Group Ltd. shares was purchased by EMPERY ASSET MANAGEMENT, LP during the first quarter worth $154,000. SABBY MANAGEMENT, LLC invested $88,000 in shares of METX during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Meten Holding Group Ltd. valued at approximately $20,000. VIRTU FINANCIAL LLC acquired a new stake in METX for approximately $15,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in METX valued at around $5,000 in the second quarter. In total, there are 10 active investors with 1.90% ownership of the company’s stock.
A candlestick chart of Meten Holding Group Ltd. (NASDAQ: METX) showed a price of $0.2800 on Tuesday morning. During the past 12 months, Meten Holding Group Ltd. has had a low of $0.21 and a high of $16.78. As of last week, the company has a debt-to-equity ratio of 15.45, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for METX is $0.3548 and a two-hundred day moving average price translates $0.6484 for the stock.
The net profit margin was -52.70% and return on equity was 281.40% for METX. For the current quarter, analysts expect METX to generate $31.71M in revenue.
Meten Holding Group Ltd.(METX) Company Profile
Meten Holding Group Ltd. provides English language training (ELT) services in the People’s Republic of China. It offers general adult ELT, junior ELT, overseas training, online ELT, and other English language-related services to students from a range of age groups. The company is also involved in the cryptocurrency mining business. As of December 31, 2021, it had an offline learning center network of 34 self-operated learning centers, including one learning center under the ABC’ brand of ABC Education Group covering 15 cities in nine provinces, autonomous regions, and municipalities in China; and two franchised learning centers comprising four franchised learning centers under the ABC’ brand covering two cities in two provinces and municipalities in China. The company was founded in 2006 and is based in Shenzhen, the People’s Republic of China.