Nano Dimension Ltd. [NASDAQ: NNDM] closed the trading session at $6.59 on 07/20/21. The day’s price range saw the stock hit a low of $6.1701, while the highest price level was $6.69. The company report on July 1, 2021 that Nano Dimension and Hensoldt AG Announce a Joint Venture for Advancing, Prototyping, and Sharing 3D-Electronic Printing Designs.
The Vision of the Newly Formed Entity, J.A.M.E.S GmbH, is to Lead a Revolution in Electronic Fabrication and Manufacturing.
Nano Dimension Ltd. (Nasdaq: NNDM), an industry leading Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) provider, announced that it has formed a partnership with HENSOLDT AG (www.hensoldt.net), a global high-tech pioneer for defense and security electronics and a market leader in civilian and military sensor solutions. The recently formed joint venture entity is named J.A.M.E.S GmbH (Jetted Additively Manufactures Electronics Sources, or J.A.M.E.S).
The stocks have a year to date performance of -27.58 percent and weekly performance of -2.95 percent. The stock has been moved at -39.76 percent over the last six months. The stock has performed -14.19 percent around the most recent 30 days and changed -7.70 percent over the most recent 3-months.
If compared to the average trading volume of 15.70M shares, NNDM reached to a volume of 7874387 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 0.50, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 457.91. The Price to Book ratio for the last quarter was 0.13, with the Price to Cash per share for the same quarter was set at 5.74.
NNDM stock trade performance evaluation
Nano Dimension Ltd. [NNDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.95. With this latest performance, NNDM shares dropped by -14.19% in over the last four-week period, additionally sinking by -39.76% over the last 6 months – not to mention a rise of 195.52% 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 38.57, with the RSI for the last a single of trading hit 34.65, and the three-weeks RSI is set at 41.65 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 7.26, while it was recorded at 6.53 for the last single week of trading, and 7.90 for the last 200 days.
Nano Dimension Ltd. [NNDM]: An insightful look at the core fundamentals
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 -10.40, given the latest momentum, and Return on Invested Capital for the company is -14.17. Return on Equity for this stock declined to -14.29, with Return on Assets sitting at -13.62. 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 -$557,402 per employee. Receivables Turnover for the company is 2.06 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 196.80 and a Current Ratio set at 197.30.
Nano Dimension Ltd. [NNDM]: Insider Ownership positions
There are presently around $283 million, or 19.40% 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 12,967,241, which is approximately 54.496% of the company’s market cap and around 0.01% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 6,684,932 shares of the stock with an approximate value of $44.05 million in NNDM stocks shares; and STATE STREET CORP, currently with $18.51 million in NNDM stock with ownership of nearly 1.721% of the company’s market capitalization.
Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 102 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 22,127,372 shares. Additionally, 43 investors decreased positions by around 2,403,367 shares, while 12 investors held positions by with 18,401,770 shares. The mentioned changes placed institutional holdings at 42,932,509 shares, according to the latest SEC report filing. NNDM stock had 60 new institutional investments in for a total of 2,438,596 shares, while 22 institutional investors sold positions of 993,063 shares during the same period.