Is Meten Holding Group Ltd (METX) a Stock to Watch After Losing -5.70% This Week?

Monday, May 16, 2022 10:10 AM | InvestorsObserver Analysts

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Is Meten Holding Group Ltd (METX) a Stock to Watch After Losing -5.70% This Week?

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

Meten Holding Group Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on METX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With METX Stock Today?

Meten Holding Group Ltd (METX) stock has risen 13.72% while the S&P 500 has fallen -0.85% as of 10:09 AM on Monday, May 16. METX has gained $0.18 from the previous closing price of $1.31 on volume of 422,981 shares. Over the past year the S&P 500 is lower by -4.17% while METX has fallen -96.45%. METX lost -$26.31 per share in the over the last 12 months. To screen for more stocks like Meten Holding Group Ltd click here.

More About Meten Holding Group Ltd

Meten Holding Group Ltd, formerly 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. It 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. Its 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 Report for Meten Holding Group Ltd stock.