Maxim Group lifts Nano Dimension Ltd. [NNDM] price estimate. Who else is bullish?

Nano Dimension Ltd. [NASDAQ: NNDM] traded at a low on 03/14/23, posting a -5.88 loss after which it closed the day’ session at $2.56. The company report on March 14, 2023 that Nano Dimension’s Chairman & CEO’s Video Message to Stratasys Shareholders – A Potential Nano-Stratasys Merger Will Supply:.

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·        Cash for Stratasys shareholders, unattainable otherwise .

·        Attractive shareholder value and share price for Nano shareholders.

The results of the trading session contributed to over 5935164 shares changing hands. Over the past one week, the price volatility of Nano Dimension Ltd. stands at 6.82% while the volatility over the past one month is 5.05%.

The market cap for NNDM stock reached $737.51 million, with 257.41 million shares outstanding and 255.28 million shares in the current float. Compared to the average trading volume of 2.93M shares, NNDM reached a trading volume of 5935164 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 0.15, with the Price to Sales ratio for NNDM stock in the period of the last 12 months amounting to 18.86. The Price to Book ratio for the last quarter was 0.54.

How has NNDM stock performed recently?

Nano Dimension Ltd. [NNDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.79. With this latest performance, NNDM shares gained by 2.40% in over the last four-week period, additionally sinking by -7.58% over the last 6 months – not to mention a drop of -20.74% 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 36.92, with the RSI for the last a single of trading hit 28.24, and the three-weeks RSI is set at 42.13 for Nano Dimension Ltd. [NNDM]. The present Moving Average for the last 50 days of trading for this stock 2.71, while it was recorded at 2.84 for the last single week of trading, and 2.77 for the last 200 days.

Nano Dimension Ltd. [NNDM]: Deeper insight into the 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.

Insider trade positions for Nano Dimension Ltd. [NNDM]

There are presently around $167 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 $20.27 million in NNDM stocks shares; and STATE STREET CORP, currently with $17.7 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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