Xometry Inc (NASDAQ:XMTR) price on Friday, June 13, fall -6.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $30.16.
A look at the stock’s price movement, the close in the last trading session was $32.14. Turning to its 52-week performance, $45.33 and $11.08 were the 52-week high and 52-week low respectively. Overall, XMTR moved -7.94% over the past month.
Xometry Inc’s market cap currently stands at around $1.53 billion, with investors looking forward to this quarter’s earnings report slated for in July.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend XMTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
XMTR’s current price about -11.03% and 4.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.22, while 7-day volatility ratio is 3.50% and 3.71% in the 30-day chart. Further, Xometry Inc (XMTR) has a beta value of 0.83, and an average true range (ATR) of 1.90. Analysts have given the company’s stock an average 52-week price target of $28, forecast between a low of $13 and high of $32. Looking at the price targets, the low is 56.9% off current price level while to achieve the yearly target high, price needs to move -6.1%. Nonetheless, investors will most likely welcome a 7.16% jump to $28 which is the analysts’ median price.
If we refocus on Xometry Inc (NASDAQ:XMTR), historical trading data shows that trading volumes averaged 673.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.99 million shares.
The 14.56% of Xometry Inc’s shares are in the hands of company insiders while institutional holders own 89.66% of the company’s shares. Current price change has pushed the stock -29.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XMTR stock continues to rise going into the next quarter.
