Meten Edtechx Education Group Ltd (NASDAQ:METX) Is Down Big In Pre-Market

Meten Edtechx Education Group Ltd (NASDAQ:METX) is one of the most active stock losers in the pre-market session.

Market Action

As of 7.35, METX stock is trading lower by 30 cents or 20.98% to $1.13 in the pre-market session with more than 1.51 million shares have traded hands.

METX Released News in Weekend

Meten EdtechX Announces Proposed Underwritten Public Offering of Ordinary Shares

  • announced that it intends to offer ordinary shares for sale to the public in an underwritten public offering (“Offering”). The Company intends to use the net proceeds from this offering for general corporate and working capital needs.
  • The ordinary shares are trading on The Nasdaq Capital Market under the symbol “METX.” The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Trader Notes

Share Information

SHARES OUTSTANDING56.87 M
SHARE FLOAT (%)28.50 M (50.10%)
% HELD BY INSTITUTIONS6.35

Recent Stock Performance

5-DAY PERF.+5.93%
1-MONTH PERF.-22.28%
3-MONTH PERF.-47.04%
6-MONTH PERF.-55.17%
YTD PERF.-28.50%
1-YEAR PERF.-85.50%

Moving Averages

+/- EMA(20)1.52 (-5.92%)
+/- SMA(50)1.98 (-27.78%)
+/- SMA(200)3.68 (-61.14%)

Pivot Points

Pivot Points
NameS3S2S1Pivot PointsR1R2R3
Classic0.96001.15001.29001.48001.62001.81001.9500
Fibonacci1.15001.27611.35391.48001.60611.68391.8100

Technical Indicators

SymbolValueResultSymbolValueResult
ADX10.9328NeutralATR140.1885
CCI20-16.1644NeutralChaikin Money Flow-0.5936Sell
MACD-0.1846SellMoney Flow Index82.5244OverBought
ROC-11.7284SellRSI37.3807Buy
STOCH (14,3)53.0010BuySTOCH RSI1.0000OverBought
UO50.4478BuyWilliams %R-46.9990Neutral

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