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Cantor Fitzgerald initates Xometry Inc (XMTR) rating to an Underweight

Xometry Inc’s recently made public that its Officer Goguen Peter acquired Company’s shares for reported $0.36 million on Nov 07 ’24. In the deal valued at $30.00 per share,12,000 shares were bought.

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Then, Rollins Emily bought 3,729 shares, generating $111,870 in total proceeds.

Before that, Laurence Zuriff bought 27,000 shares. Xometry Inc shares valued at $697,680 were divested by the Officer at a price of $25.84 per share.

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 fall -0.03% to $30.59. Over the last five days, the stock has gained 36.08%. Xometry Inc shares have fallen nearly -14.81% since the year began. Nevertheless, the stocks have risen 82.85% 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 $19.77, while 200 days put it at $18.72.

Levels Of Support And Resistance For XMTR Stock

The 24-hour chart illustrates a support level at 29.80, which if violated will result in even more drops to 29.01. On the upside, there is a resistance level at 31.34. A further resistance level may holdings at 32.09. The Relative Strength Index (RSI) on the 14-day chart is 83.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.84%. Stochastics %K at 94.58% 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 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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