Prepare Yourself for Liftoff: Xometry Inc. (XMTR)

Xometry Inc. (NASDAQ: XMTR) stock jumped 0.60% on Wednesday to $41.80 against a previous-day closing price of $41.55. With 0.32 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $42.76 whereas the lowest price it dropped to was $40.64. The 52-week range on XMTR shows that it touched its highest point at $64.35 and its lowest point at $26.61 during that stretch. It currently has a 1-year price target of $57.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XMTR was down-trending over the past week, with a drop of -6.36%, but this was down by -30.05% over a month. Three-month performance dropped to -11.85% while six-month performance rose 29.21%. The stock lost -18.15% in the past year, while it has lost -18.44% so far this year. A look at the trailing 12-month EPS for XMTR yields -1.54 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.23. This implies an EPS growth rate of -41.40% for this year and 46.80% for next year.

Float and Shares Shorts:

At present, 47.30 million XMTR shares are outstanding with a float of 37.41 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.25 million, which was 13.23% higher than short shares on Sep 14, 2022. In addition to Mr. Randolph Brody Altschuler as the firm’s Co-Founder, CEO & Director, Mr. Laurence Gregg Zuriff serves as its Co-Founder, MD of Donor Advised Fund & ESG Initiatives and Director.

Institutional Ownership:

Through their ownership of 93.41% of XMTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.71% of XMTR, in contrast to 41.15% held by mutual funds. Shares owned by individuals account for 21.10%. As the largest shareholder in XMTR with 11.78% of the stake, T. Rowe Price Associates, Inc. holds 5,252,278 shares worth 5,252,278. A second-largest stockholder of XMTR, Brown Capital Management LLC, holds 2,839,436 shares, controlling over 6.37% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in XMTR, holding 2,746,458 shares or 6.16% stake. With a 9.01% stake in XMTR, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 4,016,135 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 3.80% of XMTR stock, is the second-largest Mutual Fund holder. It holds 1,695,180 shares valued at 101.81 million. Catalyst Eventide Gilead Fund holds 2.93% of the stake in XMTR, owning 1,304,164 shares worth 78.33 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XMTR since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XMTR analysts setting a high price target of $65.00 and a low target of $45.00, the average target price over the next 12 months is $56.57. Based on these targets, XMTR could surge 55.5% to reach the target high and rise by 7.66% to reach the target low. Reaching the average price target will result in a growth of 35.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XMTR will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of -$0.75 being high and -$1.46 being low. For XMTR, this leads to a yearly average estimate of -$1.00. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Xometry Inc. surprised analysts by $0.11 when it reported -$0.11 EPS against a consensus estimate of -$0.22. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.37. The average estimate for the next quarter is thus -$0.29.

Summary of Insider Activity:

Insiders traded XMTR stock several times over the past three months with 9 Buys and 117 Sells. In these transactions, 36,000 shares were bought while 225,500 shares were sold. The number of buy transactions has increased to 72 while that of sell transactions has risen to 393 over the past year. The total number of shares bought during that period was 538,803 while 3,931,783 shares were sold.

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