Xometry Inc (NASDAQ:XMTR) Share Price Rebounds 46.99% From The Lows – But Can It Keep Going?

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In last trading session, Xometry Inc (NASDAQ:XMTR) saw 1.09 million shares changing hands with its beta currently measuring 0.58. Company’s recent per share price level of $20.90 trading at $0.53 or 2.60% at ring of the bell on the day assigns it a market valuation of $1.03B. That closing price of XMTR’s stock is at a discount of -85.36% from its 52-week high price of $38.74 and is indicating a premium of 46.99% from its 52-week low price of $11.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 500.28K if we extend that period to 3-months.

For Xometry Inc (XMTR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.

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Xometry Inc (NASDAQ:XMTR) trade information

Upright in the green during last session for gaining 2.60%, in the last five days XMTR remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $20.90 price level, adding 2.75% to its value on the day. Xometry Inc’s shares saw a change of -41.80% in year-to-date performance and have moved 16.37% in past 5-day. Xometry Inc (NASDAQ:XMTR) showed a performance of 8.85% in past 30-days. Number of shares sold short was 5.63 million shares which calculate 15.23 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 26.5 to the stock, which implies a rise of 21.13% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 44. It follows that stock’s current price would jump 37.8% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.8% for stock’s current value.

Xometry Inc (XMTR) estimates and forecasts

Statistics highlight that Xometry Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 30.06% of value to its shares in past 6 months, showing an annual growth rate of 55.00% while that of industry is 6.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.20% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 137.19M for the same. And 10 analysts are in estimates of company making revenue of 145.78M in the next quarter. Company posted 118.93M and 128.15M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -19.14% during past 5 years.

Xometry Inc (NASDAQ:XMTR)’s Major holders

Insiders are in possession of 10.28% of company’s total shares while institution are holding 100.34 percent of that, with stock having share float percentage of 111.84%. Investors also watch the number of corporate investors in a company very closely, which is 100.34% institutions for Xometry Inc that are currently holding shares of the company. PRIMECAP MANAGEMENT CO/CA/ is the top institutional holder at XMTR for having 6.8 million shares of worth $78.67 million. And as of 2024-06-30, it was holding 14.0084 of the company’s outstanding shares.

The second largest institutional holder is EVENTIDE ASSET MANAGEMENT, LLC, which was holding about 6.02 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.3936 of outstanding shares, having a total worth of $69.6 million.

On the other hand, Mutual Fund Ser Tr-Eventide Gilead Fund and Primecap Odyssey Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 5.57 shares of worth $116.37 million or 11.94% of the total outstanding shares. The later fund manager was in possession of 3.99 shares on Jul 31, 2024 , making its stake of worth around $83.44 million in the company or a holder of 8.56% of company’s stock.