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The company’s shares have gained 54.5% in price over the past month to close yesterday’s trading session at $0.50, driven by METX’s partnership with AGM Group Holdings Inc., which is designed to boost its competitive position in the industry and position itself as a leading technology-driven blockchain and metaverse company.
However, METX’s shares have declined 74.9% year-to-date and 69.7% over the past six months. And the company’s underwhelming fundamentals could cause its shares to suffer a further pullback soon. In addition, the company’s inability to generate sufficient cash flows could mar its growth.
