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Is Meten Edtechx Education Group Ltd (METX) Stock About to Get Hot Friday?

Friday, March 05, 2021 10:11 AM | InvestorsObserver Analysts

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Is Meten Edtechx Education Group Ltd (METX) Stock About to Get Hot Friday?

Overall market sentiment has been down on Meten Edtechx Education Group Ltd (METX) stock lately. METX receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Meten Edtechx Education Group Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on METX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With METX Stock Today?

Meten Edtechx Education Group Ltd (METX) stock is trading at $2.37 as of 10:10 AM on Friday, Mar 5, an increase of $0.29, or 13.89% from the previous closing price of $2.08. The stock has traded between $2.31 and $2.65 so far today. Volume today is elevated. So far 10,864,110 shares have traded compared to average volume of 6,176,490 shares.

To see InvestorsObserver's Sentiment Score for Meten Edtechx Education Group Ltd click here.

More About Meten Edtechx Education Group Ltd

Meten EdtechX Education Group Ltd provides English language and future skills training to Chinese students and professionals through a digital platform and network of learning centers. The company offers adult and junior ELT services under the Meten brand name, junior ELT services under the ABC brand name, and online ELT services under the Likeshuo brand name. The firm's operating segments are General adult English training, Overseas training services, Online English training, and Junior English training. Geographically, the company operates in the People's Republic of China.

Click Here to get the full Stock Score Report on Meten Edtechx Education Group Ltd (METX) Stock.

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