There is no way Nano Dimension Ltd. (NNDM) can keep these numbers up

Nano Dimension Ltd. (NASDAQ: NNDM) stock fell -1.45% on Friday to $3.39 against a previous-day closing price of $3.44. With 3.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.27 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $3.5500 whereas the lowest price it dropped to was $3.3800. The 52-week range on NNDM shows that it touched its highest point at $6.98 and its lowest point at $2.17 during that stretch. Beta for the stock currently stands at 1.95.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NNDM was up-trending over the past week, with a rise of 4.31%, but this was up by 2.42% over a month. Three-month performance surged to 13.38% while six-month performance fell -10.79%. The stock lost -45.50% in the past year, while it has lost -10.79% so far this year.

Float and Shares Shorts:

At present, 254.29 million NNDM shares are outstanding with a float of 252.28 million shares on hand for trading. On Jul 14, 2022, short shares totaled 22.68 million, which was 8.81% higher than short shares on Jun 14, 2022. In addition to Mr. Yoav Stern as the firm’s CEO & Chairman, Mr. Zivi R. Nedivi serves as its Pres.

Institutional Ownership:

Through their ownership of 21.61% of NNDM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.88% of NNDM, in contrast to 11.59% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NNDM with 6.34% of the stake, ARK Investment Management LLC holds 16,322,702 shares worth 16,322,702. A second-largest stockholder of NNDM, BlackRock Fund Advisors, holds 5,341,643 shares, controlling over 2.08% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in NNDM, holding 4,157,811 shares or 1.62% stake. With a 2.66% stake in NNDM, the ARK Autonomous Technology & Robot is the largest stakeholder. A total of 6,855,171 shares are owned by the mutual fund manager. The ARK Next Generation Internet ETF, which owns about 2.33% of NNDM stock, is the second-largest Mutual Fund holder. It holds 5,992,316 shares valued at 18.82 million. SPDR S&P Kensho New Economies Com holds 1.08% of the stake in NNDM, owning 2,785,557 shares worth 8.75 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NNDM since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NNDM analysts setting a high price target of $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, NNDM could surge 194.99% to reach the target high and rise by 194.99% to reach the target low. Reaching the average price target will result in a growth of 194.99% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NNDM will report FY 2021 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of -$0.29 being high and -$0.29 being low. For NNDM, this leads to a yearly average estimate of -$0.29. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Nano Dimension Ltd. reported -$0.13 EPS. The surprise factor in the prior quarter was -$0.55. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.

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