Value Hunters: Look To Nano Dimension Ltd. (NNDM)


    The Patriot Financial Group Insur… recently announced the acquisition of new stake in Nano Dimension Ltd. (NASDAQ:NNDM). This fresh investment now brings its stake to 0.90% valued currently at $0.53 million. In addition, Zeke Capital Advisors LLC raised its holdings by 0.15 million to 0.15 million shares. And ARK Investment Management LLC has lifted its position by 4.30% or 3119.0 shares – to 75731.0 shares.

    With over 3.37 million Nano Dimension Ltd. (NNDM) shares trading Friday and a closing price of $2.40 on the day, the dollar volume was approximately $8.08 million. The shares have shown a positive weekly performance of 11.63% and its price on 07/24/20 gained nearly 6.19%. Currently, there are 207.40M common shares owned by the public and among those 42.08M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for NNDM have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Nano Dimension Ltd. stock is 2.00 for the next 12 months. But an upside of 60.0% will see the stock hit the forecast high price target while mean target price for the stock is $6.00.

    ARK Autonomous Technology & Robot owns 0.11 million shares of the company’s stock, all valued at over $0.25 million. Fidelity Comwlth. Tr. – Nasdaq Co bought 755.0 shares to see its total holdings expand to 0.1 million shares valued at over $0.23 million and representing 0.39% of the shares outstanding.

    Shares of Nano Dimension Ltd. (NASDAQ: NNDM) opened at $2.29, up $0.03 from a prior closing price of $2.26. However, the script later closed the day at $2.40, up 6.19%. The company’s stock has a 5-day price change of 11.63% and 224.32% over the past three months. NNDM shares are trading -5.14% year to date (YTD), with the 12-month market performance down to -38.45% lower. It has a 12-month low price of $0.51 and touched a high of $4.90 over the same period. Currently, 3.37 million shares have been traded, compared to an average intraday trading volume of 12.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.94%, 7.08%, and 17.18% respectively.

    Institutional ownership of Nano Dimension Ltd. (NASDAQ: NNDM) shares accounts for 10.90% of the company’s 207.40M shares outstanding. Mutual fund holders own 0.82%, while other institutional holders and individual stakeholders account for 2.35% and — respectively.

    It has a market capitalization of $102.36M and a beta (3y monthly) value of 2.48. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.14% over the week and 9.24% over the month.

    Analysts forecast that Nano Dimension Ltd. (NNDM) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.3 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$2 a year ago.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Nano Dimension Ltd. (NNDM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the NNDM, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on October 21, 2016, with the firm’s price target at $12-$8.


    Please enter your comment!
    Please enter your name here