Nano Dimension Ltd. (NASDAQ: NNDM) stock fell -0.79% on Monday to $2.52 against a previous-day closing price of $2.54. With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.67 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $2.5500 whereas the lowest price it dropped to was $2.5000. The 52-week range on NNDM shows that it touched its highest point at $3.35 and its lowest point at $2.06 during that stretch. Beta for the stock currently stands at 1.83.
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 down-trending over the past week, with a drop of -5.26%, but this was down by -11.58% over a month. Three-month performance surged to 0.40% while six-month performance fell -3.08%. The stock lost -0.79% in the past year, while it has gained 9.57% so far this year.
Float and Shares Shorts:
At present, 253.21 million NNDM shares are outstanding with a float of 250.97 million shares on hand for trading. On Aug 30, 2023, short shares totaled 15.37 million, which was 6.32% higher than short shares on Jul 30, 2023. In addition to Mr. Yoav Stern as the firm’s Chairman & CEO, Mr. Zivi R. Nedivi serves as its Pres.
Through their ownership of 31.10% of NNDM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.38% of NNDM, in contrast to 24.63% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NNDM with 6.72% of the stake, Anson Funds Management LP holds 16,341,063 shares worth 16,341,063. A second-largest stockholder of NNDM, Murchinson Ltd., holds 15,000,000 shares, controlling over 6.17% of the firm’s shares. Boothbay Fund Management LLC is the third largest shareholder in NNDM, holding 7,500,000 shares or 3.08% stake. With a 1.28% stake in NNDM, the SPDR S&P Kensho New Economies Com is the largest stakeholder. A total of 3,103,967 shares are owned by the mutual fund manager. The ARK 3D Printing ETF, which owns about 0.82% of NNDM stock, is the second-largest Mutual Fund holder. It holds 1,989,469 shares valued at 6.33 million. iShares Robotics & Artificial Int holds 0.73% of the stake in NNDM, owning 1,765,304 shares worth 5.61 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, NNDM reported revenue of $11.10M and operating income of -$32.11M. The EBITDA in the recently reported quarter was -$25.16M and diluted EPS was -$0.15.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NNDM since 0 analysts follow the stock currently. 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 296.83% to reach the target high and rise by 296.83% to reach the target low. Reaching the average price target will result in a growth of 296.83% 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.