Nano Dimension Ltd. [NNDM] gain 18.26% so far this year. What now?

Nano Dimension Ltd. [NASDAQ: NNDM] gained 5.84% or 0.15 points to close at $2.72 with a heavy trading volume of 4998699 shares. The company report on January 24, 2023 that Nano Dimension’s Highest Quarterly Revenue ever – $12.1M For Q4/2022. Highest Yearly Revenues – 2022: $43.6M.

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21% Increase Over Q3/2022 and 61% Increase Over Q4/2021;316% Increase Over Full Year 2021.

It opened the trading session at $2.57, the shares rose to $2.75 and dropped to $2.5543, the range by which the price of stock traded the whole day. The daily chart for NNDM points out that the company has recorded -17.58% loss over the past six months. However, it is still -32.04% lower than its most recent low trading price.

If we look at the average trading volume of 3.06M shares, NNDM reached to a volume of 4998699 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]:

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 0.12, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 21.82. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 4.76.

Trading performance analysis for NNDM stock

Nano Dimension Ltd. [NNDM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.37. With this latest performance, NNDM shares gained by 13.33% in over the last four-week period, additionally sinking by -17.58% over the last 6 months – not to mention a drop of -16.05% 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 66.78, with the RSI for the last a single of trading hit 72.35, and the three-weeks RSI is set at 62.28 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 2.43, while it was recorded at 2.49 for the last single week of trading, and 2.78 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 -791.38 and a Gross Margin at -48.63. Nano Dimension Ltd.’s Net Margin is presently recorded at -1913.44.

Return on Equity for this stock declined to -19.99, with Return on Assets sitting at -19.33.

Nano Dimension Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 33.90 and a Current Ratio set at 34.50.

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

There are presently around $166 million, or 23.90% of NNDM stock, in the hands of institutional investors. The top three institutional holders of NNDM stocks are: MURCHINSON LTD. with ownership of 10,354,646, which is approximately 74.402% of the company’s market cap and around 0.82% of the total institutional ownership; BLACKROCK INC., holding 5,596,456 shares of the stock with an approximate value of $15.22 million in NNDM stocks shares; and BOOTHBAY FUND MANAGEMENT, LLC, currently with $14.08 million in NNDM stock with ownership of nearly 74.401% of the company’s market capitalization.

Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 58 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 14,364,253 shares. Additionally, 55 investors decreased positions by around 3,607,356 shares, while 48 investors held positions by with 43,074,060 shares. The mentioned changes placed institutional holdings at 61,045,669 shares, according to the latest SEC report filing. NNDM stock had 13 new institutional investments in for a total of 1,038,385 shares, while 19 institutional investors sold positions of 686,254 shares during the same period.


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