Nano Dimension Ltd. (NNDM): What Does Valuation Ratios Tell Us?

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BEPC Stock
BEPC Stock

Nano Dimension Ltd. (NASDAQ:NNDM) saw an upside of 5.84% to close Tuesday at $2.72 after adding $0.15 on the day. The 5-day average trading volume is 3,500,300 shares of the company’s common stock. It has gained $2.75 in the past week and touched a new high 3 times within the past 5 days. An average of 2,827,195 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,003,420.

NNDM’s 1-month performance is 13.33% or $0.31 on its low of $2.26 reached on 12/30/22. The company’s shares have touched a 52-week low of $2.06 and high of $4.16, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, NNDM has achieved 18.26% or $0.42 and has reached a new high 10 times. However, the current price is down -34.62% from the 52-week high price.

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Valuation Metrics

NNDM stock has a beta of 1.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 21.82 while the price-to-book (PB) in the most recent quarter is 0.57.

Nano Dimension Ltd.’s quick ratio for the period ended December 30 was 33.90, with the current ratio over the same period at 34.50. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.01, while the total debt to equity was 0.01.. In terms of profitability, the gross margin trailing 12 months is 17.30%. The firm’s gross profit as reported stood at $1.12 million against revenue of $10.49 million.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to $50000.0, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NNDM to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.02, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$30.58 million. NNDM stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 44.35 million, with total debt at $11.67 million.

Let’s look briefly at Nano Dimension Ltd. (NNDM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 72.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 55.44%.

The stock’s 5-day moving average is $2.49, reflecting a +8.37% or $0.21 change from its current price. NNDM is currently trading +12.86% above its 20-day SMA, -8.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.51% and SMA200 by-16.56%.

Stochastic %K and %D was 84.73% and 63.64% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 66.78%, while the 14-day stochastic is at 93.68% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.09 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Nano Dimension Ltd. (NASDAQ: NNDM), Maxim Group reiterated its a Buy rating for the company but lifted their price target by $12 to $8. Analysts offering their rating for NNDM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NNDM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is NNDM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $10.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Nano Dimension Ltd. (NNDM) stock is $10.00.

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