Is Xometry Inc (XMTR) a Stock to Watch After Losing -44.62% This Week?

Xometry Inc (XMTR) stock is lower by 44.62% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Xometry Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on XMTR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With XMTR Stock Today?

Xometry Inc (XMTR) stock is trading at $16.83 as of 2:04 PM on Monday, Mar 4, a drop of -$1.17, or -6.5% from the previous closing price of $18.00. The stock has traded between $16.77 and $18.36 so far today. Volume today is elevated. So far 1,122,890 shares have traded compared to average volume of 657,183 shares.

More About Xometry Inc

Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to access global manufacturing capacity and create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to quickly and effectively analyze complex parts in real-time, match buyers with the right suppliers globally and provide accurate pricing and lead times. Through its extensible marketplace, Xometry continuously scales its offerings, delivering an ever-expanding menu of manufacturing capabilities. Click Here to get the full Stock Report for Xometry Inc stock.