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Nano Dimension Ltd. (NNDM) – The 74.3% Upside Potential Remains

Nano Dimension Ltd. (NASDAQ: NNDM) is 11.74% higher on its value in year-to-date trading and has touched a low of $2.06 and a high of $4.16 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 $2.48 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $10.00 for the next 12 months. It is also 74.3% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 74.3% higher than the price target low of $10.00 for the same period.

Currently trading at $2.57, the stock is 5.46% and 5.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing 3.63% at the moment leaves the stock -7.86% off its SMA200. NNDM registered -23.96% loss for a year compared to 6-month loss of -23.28%.

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The stock witnessed a 7.08% gain in the last 1 month and extending the period to 3 months gives it a 9.36%, and is 1.58% up 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 5.55% over the week and 4.20% over the month.

Nano Dimension Ltd. (NNDM) has around 345 employees, a market worth around $626.85M and $30.40M in sales. Distance from 52-week low is 24.76% and -38.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.20%).

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 05/18/2023.The EPS is expected to grow by 28.10% this year.

Nano Dimension Ltd. (NNDM) Top Institutional Holders

The shares outstanding are 257.41M, and float is at 255.29M with Short Float at 7.40%.

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