Nano Dimension Ltd ADR (NASDAQ: NNDM) is -2.50% lower on its value in year-to-date trading and has touched a low of $2.04 and a high of $3.01 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 $2.30 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.34, the stock is -0.87% and 3.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 1.74% at the moment leaves the stock -4.07% off its SMA200. NNDM registered -18.47% loss for a year compared to 6-month gain of -4.88%. The firm has a 50-day simple moving average (SMA 50) of $2.2578 and a 200-day simple moving average (SMA200) of $2.439225.
The stock witnessed a -4.88% gain in the last 1 month and extending the period to 3 months gives it a -4.88%, and is -0.43% 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 3.38% over the week and 3.25% over the month.
Nano Dimension Ltd ADR (NNDM) has around 509 employees, a market worth around $513.02M and $55.17M in sales. Profit margin for the company is -265.38%. Distance from 52-week low is 14.71% and -22.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.68%).
The shares outstanding are 219.24M, and float is at 219.11M with Short Float at 7.38%.
The top institutional shareholder in the company is ANSON FUNDS MANAGEMENT LP with over 20.63 million shares valued at $45.39 million. The investor’s holdings represent 8.8999 of the NNDM Shares outstanding. As of 2024-06-30, the second largest holder is MURCHINSON LTD. with 15.55 million shares valued at $34.21 million to account for 6.708 of the shares outstanding. The other top investors are BOOTHBAY FUND MANAGEMENT, LLC which holds 7.78 million shares representing 3.354 and valued at over $17.11 million, while BLACKROCK INC. holds 3.0389 of the shares totaling 7.04 million with a market value of $15.5 million.
