A company insider recently sold 25,000 shares of Xometry Inc. [XMTR]. Should You also Consider to Sale?


Xometry Inc.’s recent filing unveils that its Director HORNIG GEORGE unloaded Company’s shares for reported $0.42 million on Aug 31. In the deal valued at $16.73 per share,25,000 shares were sold. As a result of this transaction, HORNIG GEORGE now holds 37,384 shares worth roughly $ 0.75 million.

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Then, Weymouth Katharine bought 1,200 shares, generating $19,692 in total proceeds. Upon buying the shares at $16.41, the Director now owns 17,383 shares.

Before that, HORNIG GEORGE sold 25,000 shares. Xometry Inc. shares valued at $414,400 were divested by the Director at a price of $16.58 per share. As a result of the transaction, HORNIG GEORGE now holds 62,384 shares, worth roughly $1.26 million.

JMP Securities initiated its Xometry Inc. [XMTR] rating to a Mkt outperform in a research note published on Tuesday, April 10, 2023; the price target was $20. PT values the company’s stock at a premium of -0.95 to its Tuesday closing price.

Price Performance Review of XMTR

On Tuesday, Xometry Inc. [NASDAQ:XMTR] saw its stock fall -0.44% to $20.19. On the same session, the stock had its day’s lowest price of $19.955, but rose to a high of $21.16. Over the last five days, the stock has gained 13.81%. Xometry Inc. shares have fallen nearly -37.36% since the year began. Nevertheless, the stocks have fallen -59.40% over the past one year. While a 52-week high of $64.35 was reached on 02/02/23, a 52-week low of $12.45 was recorded on 05/04/23. SMA at 50 days reached $19.61, while 200 days put it at $23.85. A total of 0.61 million shares were traded, compared to the trading of 0.61 million shares in the previous session.

Levels Of Support And Resistance For XMTR Stock

The 24-hour chart illustrates a support level at 19.71, which if violated will result in even more drops to 19.23. On the upside, there is a resistance level at 20.92. A further resistance level may holdings at 21.64. The Relative Strength Index (RSI) on the 14-day chart is 63.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.48%. Stochastics %K at 92.79% indicates the stock is a selling.

How much short interest is there in Xometry Inc.?

A steep rise in short interest was recorded in Xometry Inc. stocks on Aug 14, 2023, growing by 60000.0 shares to a total of 4.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.34 million shares. There was a rise of 1.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.49.


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