Nano Dimension Ltd. (NNDM) – Don’t Be So Quick to Call it Dead

38 institutions hold shares in Nano Dimension Ltd. (NNDM), with institutional investors hold 6.51% of the company’s shares. The shares outstanding are 243.08M, and float is at 45.61M with Short Float at 30.85%. Institutions hold 6.51% of the Float.

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The top institutional shareholder in the company is Group One Trading, L.P. with over 1.68 million shares valued at $15.26 million. The investor’s holdings represent 16.86% of the NNDM Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 0.99 million shares valued at $9.05 million to account for 10.00% of the shares outstanding. The other top investors are Taylor Frigon Capital Management, LLC which holds 0.92 million shares representing 9.22% and valued at over $8.35 million, while ARK Investment Management, LLC holds 4.22% of the shares totaling 0.42 million with a market value of $1.2 million.

Nano Dimension Ltd. (NASDAQ: NNDM) is 52.42% higher on its value in year-to-date trading and has touched a low of $0.51 and a high of $17.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NNDM stock was last observed hovering at around $13.55 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $10.00 for the next 12 months. It is also -38.7% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are -38.7% lower than the price target low of $10.00 for the same period.

Currently trading at $13.87, the stock is -6.87% and 25.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.5 million and changing 2.36% at the moment leaves the stock 193.33% off its SMA200. NNDM registered 883.69% gain for a year compared to 6-month gain of 662.09%. The firm has a 50-day simple moving average (SMA 50) of $12.99 and a 200-day simple moving average (SMA200) of $6.04.

The stock witnessed a 20.40% loss in the last 1 month and extending the period to 3 months gives it a 210.29%, and is -10.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.98% over the week and 12.43% over the month.

Nano Dimension Ltd. (NNDM) has around 68 employees, a market worth around $3.37B and $3.40M in sales. Distance from 52-week low is 2619.61% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.20%).

Nano Dimension Ltd. (NNDM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nano Dimension Ltd. (NNDM) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nano Dimension Ltd. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $438k over the same period.The EPS is expected to grow by 71.80% this year.

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