KD Logo

Potential Price Increase for Xometry Inc (XMTR) After Recent Insider Activity

Xometry Inc’s recent filing unveils that its Chief Operating Officer Goguen Peter unloaded Company’s shares for reported $17040.0 on Apr 04 ’24. In the deal valued at $18.13 per share,940 shares were sold. As a result of this transaction, Goguen Peter now holds 196,271 shares worth roughly $3.41 million.

Then, Leibel Matthew sold 360 shares, generating $6,523 in total proceeds. Upon selling the shares at $18.12, the Chief Technology Officer now owns 75,176 shares.

Before that, Goguen Peter sold 3,943 shares. Xometry Inc shares valued at $69,425 were divested by the Chief Operating Officer at a price of $17.61 per share. As a result of the transaction, Goguen Peter now holds 197,211 shares, worth roughly $3.43 million.

JMP Securities initiated its Xometry Inc [XMTR] rating to a Mkt outperform in a research note published on April 10, 2023; the price target was $20. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Sector perform”. JP Morgan also remained covering XMTR and has decreased its forecast on March 02, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Craig Hallum started covering the stock on January 31, 2023. It rated XMTR as “a Buy”.

Price Performance Review of XMTR

On Tuesday, Xometry Inc [NASDAQ:XMTR] saw its stock jump 7.62% to $17.38. Over the last five days, the stock has gained 7.62%. Xometry Inc shares have fallen nearly -51.60% since the year began. Nevertheless, the stocks have risen 25.04% over the past one year. While a 52-week high of $38.74 was reached on 02/02/24, a 52-week low of $12.45 was recorded on 04/19/24. SMA at 50 days reached $20.59, while 200 days put it at $22.05. A total of 0.63 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For XMTR Stock

The 24-hour chart illustrates a support level at 16.46, which if violated will result in even more drops to 15.55. On the upside, there is a resistance level at 17.96. A further resistance level may holdings at 18.55. The Relative Strength Index (RSI) on the 14-day chart is 46.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.05%. Stochastics %K at 24.46% indicates the stock is a holding.

The most recent change occurred on December 14, 2022 when Lake Street began covering the stock and recommended ‘”a Sell”‘ rating along with a $28 price target.

Most Popular

[the_ad id="945"]