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Insider Sale Alert: Xometry Inc [XMTR] – Is it Time to sell?

In a filing, Xometry Inc revealed its Chief Operating Officer Goguen Peter unloaded Company’s shares for reported $16188.0 on Oct 03 ’24. In the deal valued at $17.22 per share,940 shares were sold. As a result of this transaction, Goguen Peter now holds 192,419 shares worth roughly $4.33 million.

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Then, Goguen Peter bought 940 shares, generating $16,412 in total proceeds.

Before that, Goguen Peter sold 986 shares. Xometry Inc shares valued at $19,000 were divested by the Chief Operating Officer at a price of $19.27 per share. As a result of the transaction, Goguen Peter now holds 193,359 shares, worth roughly $4.35 million.

Cantor Fitzgerald initiated its Xometry Inc [XMTR] rating to an Underweight in a research note published on June 05, 2024; the price target was $13. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in early April with a ‘”a Mkt outperform”‘ rating. RBC Capital Mkts also remained covering XMTR and has decreased its forecast on March 02, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on March 02, 2023. It rated XMTR as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of XMTR

On Friday, Xometry Inc [NASDAQ:XMTR] saw its stock jump 14.23% to $22.48. Over the last five days, the stock has gained 15.88%. Xometry Inc shares have fallen nearly -37.40% since the year began. Nevertheless, the stocks have risen 54.71% over the past one year. While a 52-week high of $38.74 was reached on 02/02/24, a 52-week low of $11.08 was recorded on 07/01/24. SMA at 50 days reached $19.01, while 200 days put it at $18.84.

Levels Of Support And Resistance For XMTR Stock

The 24-hour chart illustrates a support level at 20.39, which if violated will result in even more drops to 18.31. On the upside, there is a resistance level at 23.93. A further resistance level may holdings at 25.39. The Relative Strength Index (RSI) on the 14-day chart is 68.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.73%. Stochastics %K at 64.23% indicates the stock is a holding.

How much short interest is there in Xometry Inc?

A steep rise in short interest was recorded in Xometry Inc stocks on 2024-10-15, dropping by -0.36 million shares to a total of 5.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.89 million shares. There was a decline of -6.57%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 31, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $48 price target.

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