Nano Dimension Ltd. (NASDAQ: NNDM) is -16.15% lower on its value in year-to-date trading and has touched a low of $0.65 and a high of $17.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NNDM stock was last observed hovering at around $7.34 in the last trading session, with the day’s gains setting it 0.29% off its average median price target of $10.00 for the next 12 months. It is also 23.7% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 23.7% higher than the price target low of $10.00 for the same period.
Currently trading at $7.63, the stock is -14.72% and -30.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.8 million and changing 3.95% at the moment leaves the stock 25.95% off its SMA200. NNDM registered 706.98% gain for a year compared to 6-month gain of 191.22%. The firm has a 50-day simple moving average (SMA 50) of $9.27 and a 200-day simple moving average (SMA200) of $8.06.
The stock witnessed a -32.54% loss in the last 1 month and extending the period to 3 months gives it a -17.87%, and is -7.74% 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 6.11% over the week and 8.75% over the month.
Nano Dimension Ltd. (NNDM) has around 92 employees, a market worth around $1.93B and $3.40M in sales. Distance from 52-week low is 1073.85% and -57.35% 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 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 71.80% this year, but quarterly earnings will post 47.10% year-over-year.
Nano Dimension Ltd. (NNDM) Top Institutional Holders
100 institutions hold shares in Nano Dimension Ltd. (NNDM), with 149.29k shares held by insiders accounting for 0.06% while institutional investors hold 11.13% of the company’s shares. The shares outstanding are 252.33M, and float is at 45.60M with Short Float at 30.89%. Institutions hold 11.13% of the Float.
The top institutional shareholder in the company is ARK Investment Management, LLC with over 8.39 million shares valued at $76.38 million. The investor’s holdings represent 4.88% of the NNDM Shares outstanding. As of Dec 30, 2020, the second largest holder is State Street Corporation with 2.76 million shares valued at $25.13 million to account for 1.61% of the shares outstanding. The other top investors are Susquehanna International Group, LLP which holds 2.24 million shares representing 1.30% and valued at over $20.34 million, while Group One Trading, L.P. holds 0.98% of the shares totaling 1.68 million with a market value of $15.26 million.