Maxim Group lifts Nano Dimension Ltd. [NNDM] price estimate. Who else is bullish?

Nano Dimension Ltd. [NASDAQ: NNDM] loss -6.14% or -0.48 points to close at $7.34 with a heavy trading volume of 15253746 shares. The company report on April 8, 2021 that Nano Dimension Appoints Hanan Gino as Chief Product Officer and Head of Strategic M&A.

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Nano Dimension Ltd. (“Nano”, Nasdaq: NNDM), an industry leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, announced the appointment of Hanan Gino as Chief Product Officer and the Head of Strategic M&A.

For over 30 years, Mr. Gino has been a senior executive leading international technology corporations. As the President of Verint Systems Inc. (Nasdaq: VRNT) global Security Intelligence business (“SI”), he was responsible for 1,200 employees and grew SI’s revenue from $200 million to $400 million annually. As the CEO of Verint Systems Ltd., he was also responsible for the acquisition and integration of multiple companies.

It opened the trading session at $7.87, the shares rose to $7.90 and dropped to $7.26, the range by which the price of stock traded the whole day. The daily chart for NNDM points out that the company has recorded 207.11% gains over the past six months. However, it is still -1029.23% lower than its most recent low trading price.

If we look at the average trading volume of 29.45M shares, NNDM reached to a volume of 15253746 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nano Dimension Ltd. [NNDM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NNDM shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NNDM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Maxim Group have made an estimate for Nano Dimension Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 21, 2016.

The Average True Range (ATR) for Nano Dimension Ltd. is set at 0.89, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 544.74. The Price to Book ratio for the last quarter was 6.44, with the Price to Cash per share for the same quarter was set at 0.15.

Trading performance analysis for NNDM stock

Nano Dimension Ltd. [NNDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.27. With this latest performance, NNDM shares dropped by -33.87% in over the last four-week period, additionally plugging by 207.11% over the last 6 months – not to mention a rise of 579.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NNDM stock in for the last two-week period is set at 35.17, with the RSI for the last a single of trading hit 30.54, and the three-weeks RSI is set at 38.69 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 11.03, while it was recorded at 7.81 for the last single week of trading, and 6.06 for the last 200 days.

Nano Dimension Ltd. [NNDM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Nano Dimension Ltd. [NNDM] shares currently have an operating margin of -1050.84 and a Gross Margin at -24.18. Nano Dimension Ltd.’s Net Margin is presently recorded at -1426.71.

Return on Total Capital for NNDM is now -10.47, given the latest momentum, and Return on Invested Capital for the company is -14.27. Return on Equity for this stock declined to -14.39, with Return on Assets sitting at -13.72. When it comes to the capital structure of this company, Nano Dimension Ltd. [NNDM] has a Total Debt to Total Equity ratio set at 0.56. Additionally, NNDM Total Debt to Total Capital is recorded at 0.56, with Total Debt to Total Assets ending up at 0.55. Long-Term Debt to Equity for the company is recorded at 0.39, with the Long-Term Debt to Total Capital now at 0.39.

Reflecting on the efficiency of the workforce at the company, Nano Dimension Ltd. [NNDM] managed to generate an average of -$561,313 per employee. Receivables Turnover for the company is 2.07 with a Total Asset Turnover recorded at a value of 0.01.Nano Dimension Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.30 and a Current Ratio set at 8.10.

An analysis of insider ownership at Nano Dimension Ltd. [NNDM]

There are presently around $170 million, or 11.10% of NNDM stock, in the hands of institutional investors. The top three institutional holders of NNDM stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 8,393,249, which is approximately 1899.94% of the company’s market cap and around 0.06% of the total institutional ownership; STATE STREET CORP, holding 2,761,198 shares of the stock with an approximate value of $20.27 million in NNDM stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $16.41 million in NNDM stock with ownership of nearly New of the company’s market capitalization.

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Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 80 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 21,739,051 shares. Additionally, 7 investors decreased positions by around 109,075 shares, while 9 investors held positions by with 1,246,687 shares. The mentioned changes placed institutional holdings at 23,094,813 shares, according to the latest SEC report filing. NNDM stock had 64 new institutional investments in for a total of 10,367,837 shares, while 4 institutional investors sold positions of 98,599 shares during the same period.

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