In a notable surge, Xometry Inc. (NASDAQ:XMTR) stock has reached a 52-week high, touching $44.54, signaling a robust performance that has caught the attention of investors. According to InvestingPro data, the stock has delivered an impressive 262% return over the past six months, with technical indicators suggesting overbought conditions. This peak represents a significant milestone for the company, reflecting a period of sustained growth. Over the past year, Xometry has witnessed an impressive 20% increase in its stock value, with revenue growing by 21% in the last twelve months. The achievement of this 52-week high serves as a testament to Xometry’s strategic initiatives and the positive reception of its services in the marketplace. While current analysis suggests the stock is trading above its Fair Value, InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report for deeper insights into XMTR’s valuation and growth prospects.
In other recent news, Xometry reported strong financial results in its third-quarter 2024 earnings call, with a record revenue of $142 million, marking a 19% increase year-over-year. The company’s marketplace gross profit rose by 34%, with a gross margin improvement to 33.6%. Active buyers and suppliers on the platform also saw significant growth, with a 24% increase in buyers and the supplier network surpassing 4,200. Xometry anticipates slight adjusted EBITDA profitability in Q4 and expects revenue growth in 2025 to outpace that of 2024, with international revenue already up by 55% year-over-year. Despite a projected decline in supplier services revenue by approximately 10%, the company remains optimistic, with ongoing investments in technology and operations aimed at enhancing profitability. The company’s cash and equivalents stood at $234 million, with efforts to improve working capital efficiency. These are recent developments that highlight Xometry’s continued growth and financial resilience.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.