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Xometry Inc. (NASDAQ: XMTR) Is A Blank Check For Growth

Xometry Inc. (NASDAQ:XMTR) shares, rose in value on Friday, 05/13/22, with the stock price up by 5.14% to the previous day’s close as strong demand from buyers drove the stock to $31.91.

Actively observing the price movement in the last trading, the stock closed the session at $30.35, falling within a range of $30.6744 and $33.095. Referring to stock’s 52-week performance, its high was $97.57, and the low was $26.61. On the whole, XMTR has fluctuated by -15.67% over the past month.

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With the market capitalization of Xometry Inc. currently standing at about $1.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 10, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.32, which is expected to increase to -$0.2 for fiscal year -$1.72 and then to about -$0.83 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $62.27 million, with a low estimate of $59.3 million and a high estimate of $64.87 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that XMTR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of XMTR currently trading nearly -10.14% and -13.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.16, while the 7-day volatility ratio is showing 14.95% which for the 30-day chart, stands at 9.78%. Furthermore, Xometry Inc. (XMTR)’s average true range (ATR) is 3.35.

In comparison, Stratasys Ltd. (SSYS) has moved higher at 6.76% on the day and was down -9.88% over the past 12 months. On the other hand, the price of Shapeways Holdings Inc. (SHPW) has risen 8.55% on the day. The stock, however, is off -83.42% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Xometry Inc. (NASDAQ:XMTR) indicates that the trading volumes over the past 10 days have averaged 0.59 million and over the past 3 months, they’ve averaged 527.99K. According to company’s latest data on outstanding shares, there are 53.53 million shares outstanding.

Nearly 3.70% of Xometry Inc.’s shares belong to company insiders and institutional investors own 79.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.32 million shares as on Dec 30, 2021, resulting in a short ratio of 7.45. According to the data, the short interest in Xometry Inc. (XMTR) stood at 7.15% of shares outstanding as of Dec 30, 2021; the number of short shares registered in Nov 29, 2021 reached 3.25 million. The stock has fallen by -37.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XMTR stock heading into the next quarter.

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