On September 17, 2023, Xometry, Inc. (NASDAQ:XMTR) made headlines as its Chief Operating Officer (COO), Peter Goguen, sold 4,250 shares of the company’s stock in a transaction that took place on September 14th. The average price per share was $18.47, resulting in a total transaction value of $78,497.50. Following this sale, Goguen now owns 189,113 shares in the company, which are valued at approximately $3,492,917.11.
The disclosure of this sale was made through a filing with the U.S. Securities and Exchange Commission (SEC) and is publicly available for review via the provided link.
NASDAQ:XMTR traded down by $0.40 during midday trading on Friday with a closing price of $18.11. The stock experienced a trading volume of 1,156,978 shares on that day, compared to its average volume of 673,050 shares. Over the past 50 days, the stock has had a moving average of $19.34 and over the last 200 days it has had a moving average of $18.18.
Xometry currently boasts a market capitalization of approximately $820.20 million and has a price-to-earnings ratio of -10.52 with a beta value of -0.05. The company has demonstrated fluctuation between its one-year low price point of $12.45 and its one-year high price point of $64.35.
In terms of financial stability and liquidity ratios, Xometry exhibits promising figures as well as encouraging signs for potential investors to consider; particularly evident is their quick ratio standing at 5.27 and current ratio at 5.28 respectively.
Despite COO Peter Goguen’s recent divestment action within Xometry Inc., it remains essential for interested individuals to conduct thorough research and analysis of the company’s financial health, market conditions, and overall performance before making any investment decisions.
Please note that this information is current as of September 17, 2023, and may be subject to subsequent updates or changes.
Xometry, Inc.
XMTR
Buy
Updated on: 04/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Xometry, Inc. Faces Disappointing Earnings Results and Uncertain Future Prospects
Xometry, Inc. has recently released its earnings results for the quarter ending September 17, 2023. The report reveals a rather perplexing situation for the company, as it falls short of market expectations and shows negative financial figures across various key indicators.
In terms of earnings per share (EPS), Xometry reported a loss of ($0.55) for the quarter. This result missed the consensus estimate by a significant margin, coming in at ($0.16) lower than analysts’ predictions of ($0.39). This unexpected deviation from expectations raises questions about the company’s financial performance and future prospects.
Moreover, Xometry’s revenue for the quarter was recorded at $111.01 million, which only slightly surpassed analysts’ projections of $110.27 million. While this may seem like a positive outcome, it is important to note that any deviation from estimated figures can indicate potential volatility in a company’s financial health.
One concerning aspect highlighted in the earnings report is Xometry’s negative return on equity (ROE) of 22.91%. ROE is an essential metric used by investors to evaluate a company’s profitability relative to shareholders’ investments. With a negative ROE, Xometry faces difficulties in generating sustainable profits and indicates potential challenges ahead.
The negative net margin further emphasizes the company’s struggle to achieve profitability during the quarter, with figures showing a net loss of 20.18%. A low or negative net margin can be indicative of operational inefficiencies or lackluster cost management within an organization.
Given these disappointing financial results, it is crucial for investors and potential buyers to exercise caution when considering involvement with Xometry.
Xometry operates an online marketplace that connects buyers with manufacturers worldwide to source manufactured parts and assemblies. It offers an extensive range of manufacturing services such as CNC machining, sheet metal forming and cutting, 3D printing using various technologies, die casting, stamping, injection molding, and many others. Additionally, the company provides finishing services, rapid prototyping, and high-volume production support.
While Xometry’s marketplace model has shown promise in the past, these recent earnings results raise questions about the company’s ability to deliver consistent value to its customers and shareholders. It is imperative for investors to conduct thorough research and evaluate the risks associated with investing or engaging in business with Xometry under the current circumstances.
Looking ahead, sell-side analysts have forecasted a bleak outlook for Xometry, predicting a further decline in EPS of -0.95 for the current year. This projection reinforces concerns about the company’s financial performance and emphasizes the need for vigilance among stakeholders.
In conclusion, Xometry’s latest earnings report paints a bleak picture of its financial health and overall market outlook. Investors must exercise caution and thoroughly assess the risks before considering any involvement with this online manufacturing marketplace.
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