Maxim Group slashes price target on Nano Dimension Ltd. [NNDM] – find out why.

Nano Dimension Ltd. [NASDAQ: NNDM] price plunged by -2.82 percent to reach at -$0.17. The company report on September 8, 2021 that Nano Dimension Announces Collaboration with Fraunhofer Institute to Develop the Next Generation of 3D Printing Systems.

Collaboration with Leading German Institute to Focus on Pushing the Boundaries of 3D Printing Technology.

Nano Dimension Ltd. (Nasdaq: NNDM), an industry leading Additively Manufactured Electronics (AME) and Printed Electronics (PE) manufacturing system provider, announced a collaboration with the Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Fraunhofer IPA), one of Fraunhofer-Gesellschaft’s (the Institute) largest institutes.

A sum of 5783812 shares traded at recent session while its average daily volume was at 9.19M shares. Nano Dimension Ltd. shares reached a high of $6.12 and dropped to a low of $5.7703 until finishing in the latest session at $5.85.

Guru’s Opinion on Nano Dimension Ltd. [NNDM]:

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 0.34, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 374.59. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 5.16.

NNDM Stock Performance Analysis:

Nano Dimension Ltd. [NNDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.87. With this latest performance, NNDM shares gained by 1.21% in over the last four-week period, additionally sinking by -43.15% over the last 6 months – not to mention a rise of 250.30% 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 41.99, with the RSI for the last a single of trading hit 38.59, and the three-weeks RSI is set at 43.15 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 6.32, while it was recorded at 6.09 for the last single week of trading, and 8.38 for the last 200 days.

Insight into Nano Dimension Ltd. 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 89.80 and a Current Ratio set at 90.10.

Nano Dimension Ltd. [NNDM] Insider Position Details

There are presently around $304 million, or 23.10% 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 16,372,053, which is approximately 26.257% of the company’s market cap and around 0.04% of the total institutional ownership; BLACKROCK INC., holding 4,539,178 shares of the stock with an approximate value of $26.55 million in NNDM stocks shares; and STATE STREET CORP, currently with $26.28 million in NNDM stock with ownership of nearly 59.956% 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 August and at the time of the August reporting period, where 92 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 19,699,961 shares. Additionally, 70 investors decreased positions by around 10,645,702 shares, while 25 investors held positions by with 21,636,876 shares. The mentioned changes placed institutional holdings at 51,982,539 shares, according to the latest SEC report filing. NNDM stock had 50 new institutional investments in for a total of 5,778,242 shares, while 33 institutional investors sold positions of 1,189,478 shares during the same period.

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