For Nano Dimension Ltd. [NNDM], Analyst sees a drop to $8. What next?


Nano Dimension Ltd. [NASDAQ: NNDM] surged by $0.09 during the normal trading session on Monday and reaching a high of $4.44 during the day while it closed the day at $4.33. The company report on December 6, 2021 that Nano Dimension Announces First Two Sales of DragonFly IV 3D-AME Systems to Leading Western Defense and Government Agencies.

Launched in November 2021, DragonFly IV systems were sold right after completing two Beta Sites with other leading customers.

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Nano Dimension Ltd. (“Nano Dimension”, Nasdaq: NNDM), an industry-leader in Additively Manufactured Electronics (AME), Printed Electronics (PE), and Micro Additive Manufacturing (Micro-AM), announced that it has sold the first two DragonFly IV 3D-AME Printers, in addition to the two machines that have completed beta sites processes with other leading customers.Nano Dimension is the leading provider of intelligent machines for the fabrication of AME. The new DragonFly IV system, combined with FLIGHT software, delivers new levels of quality, efficiency, and print resolution in the 3D printed electronics sector, providing increased flexibility to design any 3D geometry and create innovative new products.

Nano Dimension Ltd. stock has also loss -9.79% of its value over the past 7 days. However, NNDM stock has declined by -31.81% in the 3 months of the year. Over the past six months meanwhile, it has lost -47.83% and lost -52.42% year-on date.

The market cap for NNDM stock reached $1.13 billion, with 261.16 million shares outstanding and 184.44 million shares in the current float. Compared to the average trading volume of 6.54M shares, NNDM reached a trading volume of 10055362 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 0.35, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 230.78. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 5.30.

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 -9.79. With this latest performance, NNDM shares dropped by -28.43% in over the last four-week period, additionally sinking by -47.83% over the last 6 months – not to mention a drop of -41.80% 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 31.77, with the RSI for the last a single of trading hit 28.84, and the three-weeks RSI is set at 34.59 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 5.48, while it was recorded at 4.45 for the last single week of trading, and 6.90 for the last 200 days.

Nano Dimension Ltd. [NNDM]: An insightful look at the core fundamentals

Nano Dimension Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 95.60 and a Current Ratio set at 95.90.

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Nano Dimension Ltd. [NNDM]: Insider Ownership positions

There are presently around $207 million, or 21.30% 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 18,925,002, which is approximately 15.593% of the company’s market cap and around 0.04% of the total institutional ownership; BLACKROCK INC., holding 4,950,229 shares of the stock with an approximate value of $21.43 million in NNDM stocks shares; and STATE STREET CORP, currently with $19.98 million in NNDM stock with ownership of nearly 2.719% of the company’s market capitalization.

Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 74 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 4,942,020 shares. Additionally, 65 investors decreased positions by around 9,260,565 shares, while 36 investors held positions by with 33,544,223 shares. The mentioned changes placed institutional holdings at 47,746,808 shares, according to the latest SEC report filing. NNDM stock had 24 new institutional investments in for a total of 509,284 shares, while 27 institutional investors sold positions of 4,644,887 shares during the same period.