Xometry Stock (NASDAQ:XMTR), Trade Ideas

Xometry

Xometry Inc is engaged in providing AI-enabled manufacturing equipment. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners. The manufacturing processes offered by the company include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting. The company is organized into two segments referred to as the U.S. and the International. The majority of the revenue is earned from the U.S. segment.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

ADIL

AGFY

AMRN

ARRY

AUMN

BBWI

BCAN

BEDU

BFLY

Bakkt Holdings, Inc. Class A Common Stock

BKKT

BLUE

CMPS

COMM

CRML

CSTL

CTKB

DAVA

DUOL

ENVB

ESTA

FIGS

GRFS

GYRE

HAYW

IHRT

INDP

INSG

IONQ

IRWD

LPSN

MGNI

MIST

MRSN

NARI

NTES

NWTN

OCEA

OKTA

ORIC

PSTG

PZZA

QURE

RNLX

RVNC

SCTL

SDGR

SHLS

SIDU

SNOW

STER

STKL

SWIM

TASK

VERX

VLCN

XMTR

Shares of  Butterfly Network, Inc.  (NASDAQ: BFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results.

Why Butterfly Network Shares Are Trading Lower By 22%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Wall Street bull

Equities

Large Cap

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Currency ETFs

Econ #s

Economics

Federal Reserve

Pre-Market Outlook

Tech

ETFs

AVGO

ENPH

MNST

NFLX

NVDA

PLCE

TSLA

PowerShares DB US Dollar Index Bullish Fund

VYGR

Tech stocks drive pre-market surge, Fed inflation data fails to disrupt rate cut expectations. Futures up for Nasdaq, S&amp;P 500, and small caps.

Tech Stocks Set To Rise Thursday As January Inflation Data Fails To Scare Markets, Small Caps Surge

General

Xometry Inc (NASDAQ: XMTR) has expanded its AI-powered Xometry Instant Quoting Engine to include instant-quoting of inserts, multi-part assemblies, and 

Xometry Expands AI-Powered Marketplace Offerings

Xometry Inc

Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) reported quarterly earnings of $3.38 per share which missed the analyst consensus estimate of $3.44 by 1.74 percent. The company reported quarterly sales of $754.775 million which missed the analyst consensus estimate of $770.665 million by 2.06 percent. This is a 14.27 percent increase over sales of $660.535 million the same period last year.

Earnings

Earnings Misses

SAIA

Saia Q1 2024 GAAP EPS $3.38 Misses $3.44 Estimate, Sales $754.775M Miss $770.665M Estimate

On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn&nbsp;was exacerbated&nbsp;by a broad sell-off in major stocks following&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38430266/meta-platforms-stock-is-tumbling-thursday-whats-going-on" rel="noreferrer noopener">underwhelming earnings from Meta Platforms</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38441148/metas-q1-earnings-analysts-say-support-its-ai-strategy-use-meta-as-a-source-of-fund" rel="noreferrer noopener">Meta&#8217;s Q1 Earnings: Most Analysts Support AI Strategy, While One Says &#8216;Use Meta As A Source Of Funds,&#8217; Questions Its Long-Term Value</a>
The U.S. economy grew at an annualized rate of 1.6% in the first quarter, slowing from 3.4% in the previous quarter and falling short of the expected 2.5% growth.&nbsp;
The core personal consumption expenditures price index rose 3.7% annually, up from 2% in the previous quarter.
Communications stocks, notably affected by Meta, led&nbsp;losses in&nbsp;the S&amp;P 500, with healthcare, real estate, financials, consumer staples, and consumer discretionary sectors also falling.
The Dow Jones Industrial Average declined 0.98% to close at 38,085.80. The S&amp;P 500 was down 0.46%, ending the day at 5,048.42, and the Nasdaq Composite slid 0.64%, finishing the session at 15,611.76.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 index closed higher by 0.84% at 37,943.50, led by gains in the Precision Instruments, Transportation Equipment, and Electrical/Machinery sectors.</li>
<li>In Australia, the&nbsp;S&amp;P/ASX 200 index closed the session lower by 1.39% at 7,575.90, led by losses in the Industrials, A-REITs, and Telecoms Services sectors.</li>
<li>India&#8217;s Nifty 50 declined 0.67% to close at 22,419.95, and the Nifty 500 slipped 0.14%, closing at 20,839.35.</li>
<li>China&#8217;s Shanghai Composite gained 1.17% to end the session at 3,088.64, and the Shenzhen CSI 300 rose 1.53%, closing at 3,584.27.</li>
<li>Hong Kong&#8217;s Hang Seng Index gained 2.12%, concluding the day at 17,651.15.</li>
</ul>
Eurozone at 06:15 AM ET
<ul>
<li>The European STOXX 50 index was up 0.69%.</li>
<li>Germany&#8217;s DAX gained 0.72%.</li>
<li>France&#8217;s CAC climbed 0.27%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher&nbsp;by&nbsp;0.41%.</li>
</ul>
Commodities at 06:15 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.44% at $83.92/bbl, and Brent was up 0.43% at $89.39 bbl.</li>
<li>Natural Gas declined 1.21% to $1.962.</li>
<li>Gold was trading higher by 0.73% at $2,359.60, Silver gained 1.18% to $27.675, while Copper was up 1.41% at $4.5815.</li>
</ul>
US Futures at 06:15 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dow futures were up 0.12%, S&amp;P 500 futures rose 0.65%, and Nasdaq 100 Futures gained 0.92%.
Forex at 06:15 AM ET
The U.S. Dollar Index gained 0.05% to 105.65, USD/JPY was up 0.73% to 156.79, and USD/AUD slipped 0.23% to 1.5305.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept

IonQ Appoints Peter Chapman As Next Chairman Of Board Of Directors; Company Hires Harry You As Lead Independent Director Of The Board

Health Care

HCA Healthcare's Q1 Same Facility Admissions Increased 6.2% While Same Facility Equivalent Admissions Increased 5.2%

Morgan Stanley analyst Adam Jonas downgrades Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from Equal-Weight to Underweight and lowers the price target from $26 to $25.

Downgrades

Price Target

Analyst Ratings

MBLY

Morgan Stanley Downgrades Mobileye Global to Underweight, Lowers Price Target to $25

WIIM

TEAM

Atlassian shares are trading lower. The company reported Q3 financial results.

HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) reported quarterly earnings of $5.36 per share which beat the analyst consensus estimate of $5.01 by 6.99 percent. This is a 8.72 percent increase over earnings of $4.93 per share from the same period last year. The company reported quarterly sales of $17.339 billion which beat the analyst consensus estimate of $16.779 billion by 3.33 percent. This is a 11.21 percent increase over sales of $15.591 billion the same period last year.

Earnings Beats

HCA Healthcare Q1 2024 Adj EPS $5.36 Beats $5.01 Estimate, Sales $17.339B Beat $16.779B Estimate

HC Wainwright &amp; Co. analyst Amit Dayal reiterates LSI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) with a Buy and maintains $20 price target.

Reiteration

LYTS

HC Wainwright & Co. Reiterates Buy on LSI Industries, Maintains $20 Price Target

DXCM

DexCom shares are trading lower. The company reported Q1 financial results.

INTC

Intel shares are trading lower after the company reported worse-than-expected Q1 sales results and issued EPS guidance below estimates. Also, JP Morgan and Goldman Sachs lowered their respective price targets on the stock.

Biotres Pro Is Also Capturing The Attention Of New Customers. The Initial Production Run Of Biotres Pro Has Sold Out, With Customers Placing Pre-orders For The Next Run, Which Is Scheduled To Ship To Customers By End Of May. 
&nbsp;

BTCY

Biotricity Announces High Demand For Its LBiotres Pro, a 3-Channel Patch-like ECG, Biotres Pro Is Expected To Raise The Average Subscription Price By Over 32%, Translating To Revenue Increase Of Up To 10% From Sales To Existing Customers Throughout 2025

Snap Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares are skyrocketing in the<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">&nbsp;premarket session on Friday.</a>
Yesterday, the company&nbsp;reported its first-quarter financial results with quarterly earnings of 3 cents per share,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38445632/snap-shares-soar-on-better-than-expected-q1-results-daily-active-user-growth-q2-revenue-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of a loss of 5 cents per share</a>.
Adjusted EBITDA was&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38443869/snap-inc-announces-first-quarter-2024-financial-results" rel="noreferrer noopener">$46 million, compared to $1 million in the prior year.</a>
While reporting quarterly results, Snap highlighted new tools, including new Creative Templates, the ability to post longer videos, and access to AI-powered AR Lens creation.
The company said it onboarded over 1,500 Snap Stars in the quarter, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.
Based on these strengths, quarterly sales clocked in at $1.195 billion, which beat the analyst consensus estimate of $1.12 billion by 6.74% and represents a 20.88% increase over sales&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">of $988.608 million from the same period last year.</a>
The company reported 422 million daily active users in the first quarter, an increase of 39 million, or 10%, year-over-year.
Snap sees second-quarter revenues between<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;$1.225 billion and $1.255 billion.&nbsp;</a>
&#8220;As we enter Q2, we anticipate continued growth of our global community, and as a result, our Q2 guidance&nbsp;is built&nbsp;on the assumption that DAU will be approximately 431 million in Q2,&#8221; the company said.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;SNAP stock has gained over 15% in the past year.&nbsp;Investors can gain exposure to the stock via&nbsp;Global X Social Media ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOCL#NASDAQ">SOCL</a>) and&nbsp;Fidelity Disruptive Communications ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDCF#NASDAQ">FDCF</a>).
Price Action: SNAP shares are trading higher by 25.6% at $14.32 premarket at last check Friday.
Photo by Christopher Penler on Shutterstock

FDCF

SNAP

SOCL

Snap Gains Over 25% - What's Going On?

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) with a Neutral.

ARBK

HC Wainwright & Co. Reiterates Neutral on Argo Blockchain

GOOG

GOOGL

Alphabet Board Authorized Repurchase Of Additional $70B Of Class A And Class C Shares. Also, multiple firms raised their respective price targets on the stock.

Goldman Sachs analyst Toshiya Hari maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Sell and lowers the price target from $39 to $34.

Goldman Sachs Maintains Sell on Intel, Lowers Price Target to $34

CHTR

Charter Communications shares are trading lower after the company reported worse-than-expected Q1 results.

DA Davidson initiates coverage on NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) with a Buy rating and announces Price Target of $52.

Initiation

NSSC

DA Davidson Initiates Coverage On NAPCO Security Techs with Buy Rating, Announces Price Target of $52

Oil States International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.01) by 200 percent. This is a 200 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $167.262 million which missed the analyst consensus estimate of $190.075 million by 12.00 percent. This is a 14.75 percent decrease over sales of $196.199 million the same period last year.

CORRECTION: Oil States International Q1 2024 Adj EPS $(0.03) Misses $(0.01) Estimate, Sales $167.262M Miss $190.075M Estimate

Needham analyst Quinn Bolton reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Hold.

Needham Reiterates Hold on Intel

APLS

Apellis Pharmaceuticals shares are trading higher after the European Medicines Agency resets Pegcetacoplan review for geographic atrophy to day 180 of initial assessment.

Warning: XMTR is at high risk of performing badly

Xometry: Downgrading To Hold As The Market Focus Has Shifted To The Near-Term Outlook

MASI, PLRX and CGC are among after hour movers

JMP Securities analyst Nicholas Jones CFA maintained a Buy rating on Xometry (XMTR – Research Report) today and set a price target of $30.00. Nicho...

Xometry: A Misinterpreted Performance Signals a Strong Buy Opportunity

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Xometry (XMTR – Research Report). The company's shares closed la...

Craig-Hallum Sticks to Its Buy Rating for Xometry (XMTR)

ClearBridge Small Cap Growth Strategy Q2 2024 Portfolio Manager Commentary

Xometry (XMTR) has shared an update. Laurence Zuriff, co-founder and long-standing board member of Xometry, Inc., will be stepping down from his ro...

Xometry Co-Founder Laurence Zuriff to Step Down

In a report released on April 15, Matthew Hedberg from RBC Capital maintained a Hold rating on Xometry (XMTR – Research Report), with a price targe...

RBC Capital Sticks to Its Hold Rating for Xometry (XMTR)

Craig-Hallum Sticks to Their Buy Rating for Xometry (XMTR)

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Xometry (XMTR – Research Report), with a price target...