Xometry (XMTR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Xometry (XMTR) - Xometry currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, XMTR shares have increased by 34.02%, significantly outperforming the Zacks Manufacturing - General Industrial industry, which rose by only 0.73% [5] - In the last quarter, XMTR shares have surged by 41.26%, and over the past year, they have gained 167.01%, while the S&P 500 only increased by 10.12% and 19.99%, respectively [6] - The average 20-day trading volume for XMTR is 1,025,730 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, three earnings estimates for XMTR have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.30 to $0.35 [9] - For the next fiscal year, four estimates have moved higher, with no downward revisions, indicating positive sentiment regarding future earnings [9] Conclusion - Considering the positive momentum indicators and earnings outlook, XMTR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]