Xometry ( (XMTR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Xometry’s stock experienced an unusual movement due to concerns about its valuation and stock performance, which led to a downgrade by some analysts. Despite a strong Q3 performance with better-than-expected revenue and a price target raise from Goldman Sachs, these concerns overshadowed the positive news.
More about Xometry
YTD Price Performance: 16.67%
Average Trading Volume: 813,632
Technical Sentiment Signal: Buy
Current Market Cap: $2.47B
For further insights into XMTR stock on TipRanks’ Stock Analysis page.
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