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Is Nano Dimension Ltd. (NNDM) a good stock to buy now?

Nano Dimension Ltd. (NASDAQ: NNDM) is -21.54% 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 $6.64 in the last trading session, with the day’s gains setting it 0.5% off its average median price target of $10.00 for the next 12 months. It is also 28.6% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 28.6% higher than the price target low of $10.00 for the same period.


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Currently trading at $7.14, the stock is -11.86% and -30.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 68.11 million and changing 7.53% at the moment leaves the stock 15.43% off its SMA200. NNDM registered 475.81% gain for a year compared to 6-month gain of 45.42%. The firm has a 50-day simple moving average (SMA 50) of $10.21 and a 200-day simple moving average (SMA200) of $7.78.

The stock witnessed a -30.00% loss in the last 1 month and extending the period to 3 months gives it a -34.73%, and is -6.42% 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 10.67% over the week and 8.79% over the month.

Nano Dimension Ltd. (NNDM) has around 92 employees, a market worth around $1.72B and $3.40M in sales. Distance from 52-week low is 998.46% and -60.09% 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

102 institutions hold shares in Nano Dimension Ltd. (NNDM), with 149.29k shares held by insiders accounting for 0.06% while institutional investors hold 11.15% of the company’s shares. The shares outstanding are 240.67M, and float is at 45.60M with Short Float at 35.89%. Institutions hold 11.14% 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.

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