Nano Dimension Ltd. [NNDM] gain 34.78% so far this year. What now?

Nano Dimension Ltd. [NASDAQ: NNDM] surged by $0.06 during the normal trading session on Thursday and reaching a high of $3.15 during the day while it closed the day at $3.10. The company report on March 9, 2023 that Nano Dimension Announces Formal Offer to Acquire Stratasys for $18.00 Per Share to Create Additive Manufacturing Industry Leader.

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All-Cash Offer Represents a 36% Premium to Unaffected Closing Stock Price as of March 1, 2023.

Combination Would Create the Global Leader in 3D Printing with Unparalleled Portfolio of Materials, Software, and Deep Learning Together with Strong Sales Channel Control.

Nano Dimension Ltd. stock has also loss -0.32% of its value over the past 7 days. However, NNDM stock has inclined by 41.55% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.67% and gained 34.78% year-on date.

The market cap for NNDM stock reached $800.61 million, with 257.41 million shares outstanding and 255.28 million shares in the current float. Compared to the average trading volume of 2.87M shares, NNDM reached a trading volume of 4211946 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]:

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 20.48. The Price to Book ratio for the last quarter was 0.65.

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 -0.32. With this latest performance, NNDM shares gained by 18.77% in over the last four-week period, additionally plugging by 15.67% over the last 6 months – not to mention a drop of -4.02% 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 66.26, with the RSI for the last a single of trading hit 69.21, and the three-weeks RSI is set at 63.96 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 2.69, while it was recorded at 3.07 for the last single week of trading, and 2.77 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 -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.

Nano Dimension Ltd. [NNDM]: Insider Ownership positions

There are presently around $202 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 10,477,279, which is approximately 1.184% of the company’s market cap and around 0.83% of the total institutional ownership; ANSON FUNDS MANAGEMENT LP, holding 7,916,696 shares of the stock with an approximate value of $24.54 million in NNDM stocks shares; and STATE STREET CORP, currently with $21.43 million in NNDM stock with ownership of nearly 44.052% of the company’s market capitalization.

Positions in Nano Dimension Ltd. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 63 institutional holders increased their position in Nano Dimension Ltd. [NASDAQ:NNDM] by around 9,993,765 shares. Additionally, 51 investors decreased positions by around 5,455,058 shares, while 47 investors held positions by with 49,610,716 shares. The mentioned changes placed institutional holdings at 65,059,539 shares, according to the latest SEC report filing. NNDM stock had 21 new institutional investments in for a total of 783,833 shares, while 16 institutional investors sold positions of 2,306,129 shares during the same period.


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