Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a remarkable display of market confidence, Xometry Inc. (NASDAQ:XMTR) stock has reached a 52-week high, climbing to $39.89. According to InvestingPro data, the stock has shown exceptional momentum with a striking 196% gain over the past six months, though technical indicators suggest the stock is currently in overbought territory. This peak reflects a significant turnaround for the company, which has seen its stock value surge by 21.44% over the past year. Investors have rallied behind Xometry's innovative on-demand manufacturing platform, propelling the stock to new heights amidst a challenging economic landscape. The company's revenue growth of 21% and healthy current ratio of 4.59 demonstrate operational strength, though profitability remains a focus area. For deeper insights into Xometry's valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers 12 additional exclusive tips and detailed financial metrics.
In other recent news, Xometry Inc. reported a record revenue of $142 million in its third-quarter 2024 earnings call, marking a 19% increase year-over-year. The company's marketplace gross profit rose by 34%, with a significant improvement in gross margin to 33.6%. The active supplier network expanded to over 4,200, and active buyers increased by 24%.
Looking ahead, 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. However, the company projects a sequential marketplace growth slowdown to 4% in Q4, compared to 8% to 9% previously, due to a soft industrial environment and seasonal factors.
Despite this, the company's long-term targets include scaling towards $1 billion in revenue and a gross margin range of 39% to 40%. These are recent developments which reflect the company's strategic investments and commitment to innovation as it continues to connect buyers and suppliers in its AI-driven marketplace.
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