Xometry Inc. [XMTR] Revenue clocked in at $350.00 million, down -42.91% YTD: What’s Next?

Xometry Inc. [NASDAQ: XMTR] price plunged by -39.49 percent to reach at -$12.01.

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A sum of 6482308 shares traded at recent session while its average daily volume was at 593.47K shares. Xometry Inc. shares reached a high of $23.11 and dropped to a low of $17.02 until finishing in the latest session at $18.40.

The one-year XMTR stock forecast points to a potential upside of 64.82. The average equity rating for XMTR stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Xometry Inc. [XMTR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XMTR shares is $52.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XMTR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for Xometry Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 31, 2023. While these analysts kept the previous recommendation, Lake Street raised their target price to Sell. The new note on the price target was released on December 14, 2022, representing the official price target for Xometry Inc. stock. Previously, the target price had yet another raise to $50, while Loop Capital analysts kept a Buy rating on XMTR stock.

The Average True Range (ATR) for Xometry Inc. is set at 2.88, with the Price to Sales ratio for XMTR stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 7.39.

XMTR Stock Performance Analysis:

Xometry Inc. [XMTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -42.30. With this latest performance, XMTR shares dropped by -43.66% in over the last four-week period, additionally sinking by -62.05% over the last 6 months – not to mention a drop of -62.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XMTR stock in for the last two-week period is set at 20.98, with the RSI for the last a single of trading hit 12.76, and the three-weeks RSI is set at 26.67 for Xometry Inc. [XMTR]. The present Moving Average for the last 50 days of trading for this stock 31.87, while it was recorded at 28.63 for the last single week of trading, and 41.52 for the last 200 days.

Insight into Xometry Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Xometry Inc. [XMTR] shares currently have an operating margin of -26.88 and a Gross Margin at +24.57. Xometry Inc.’s Net Margin is presently recorded at -28.11.

Return on Equity for this stock declined to -39.19, with Return on Assets sitting at -20.75.

Xometry Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.20 and a Current Ratio set at 6.30.

Xometry Inc. [XMTR] Insider Position Details

There are presently around $836 million, or 99.30% of XMTR stock, in the hands of institutional investors. The top three institutional holders of XMTR stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 5,164,512, which is approximately -1.671% of the company’s market cap and around 2.70% of the total institutional ownership; BROWN CAPITAL MANAGEMENT LLC, holding 3,666,110 shares of the stock with an approximate value of $67.46 million in XMTR stocks shares; and VANGUARD GROUP INC, currently with $64.84 million in XMTR stock with ownership of nearly 25.137% of the company’s market capitalization.

Positions in Xometry Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 97 institutional holders increased their position in Xometry Inc. [NASDAQ:XMTR] by around 5,441,394 shares. Additionally, 80 investors decreased positions by around 4,282,237 shares, while 16 investors held positions by with 35,734,339 shares. The mentioned changes placed institutional holdings at 45,457,970 shares, according to the latest SEC report filing. XMTR stock had 30 new institutional investments in for a total of 395,900 shares, while 30 institutional investors sold positions of 608,655 shares during the same period.


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