Nano Dimension Ltd. (NNDM) is looking forward to a strong quarter

Nano Dimension Ltd. (NASDAQ: NNDM) stock jumped 5.84% on Tuesday to $2.72 against a previous-day closing price of $2.57. With 5.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.06 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $2.7500 whereas the lowest price it dropped to was $2.5600. The 52-week range on NNDM shows that it touched its highest point at $4.16 and its lowest point at $2.06 during that stretch. Beta for the stock currently stands at 1.87.

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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 8.37%, but this was up by 13.33% over a month. Three-month performance surged to 10.57% while six-month performance fell -17.58%. The stock lost -16.05% in the past year, while it has gained 18.26% so far this year.


Float and Shares Shorts:

At present, 257.41 million NNDM shares are outstanding with a float of 255.29 million shares on hand for trading. On Oct 13, 2022, short shares totaled 18.44 million, which was 7.16% higher than short shares on Sep 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 20.01% of NNDM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of NNDM, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.91% stake in NNDM, the SPDR S&P Kensho New Economies Com is the largest stakeholder. A total of 4,916,166 shares are owned by the mutual fund manager. The ARK 3D Printing ETF, which owns about 0.88% of NNDM stock, is the second-largest Mutual Fund holder. It holds 2,253,676 shares valued at 5.18 million. iShares Tr. – Core MSCI EAFE ETF holds 0.52% of the stake in NNDM, owning 1,327,134 shares worth 3.05 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 267.65% to reach the target high and rise by 267.65% to reach the target low. Reaching the average price target will result in a growth of 267.65% 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 02/28/2024. 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. 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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