Nano Dimension Ltd. (NASDAQ:NNDM) finished Wednesday with a subtraction of -$0.04 to close at $2.91, a downside of -1.36 percent. An average of 2,292,840 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,146,435 shares traded, while the 50-day average volume stands at 3,108,838.
NNDM stock has decreased by -6.43% in the last month. The company shares reached their 1-month lowest point of $2.72 on 08/04/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $2.06 and a high of $3.74 in 52 weeks. It has reached a new high 25 times so far this year and achieved 26.52% or $0.61 in price. In spite of this, the price is down -22.19% from the 52-week high.
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Valuation Metrics
Nano Dimension Ltd. (NNDM) stock’s beta is 1.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.29, the price-to-book (PB) ratio at 0.62.
Financial Health
The quick ratio of Nano Dimension Ltd. for the recent quarter was 29.40, and the current ratio was 30.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the recent quarter. Nano Dimension Ltd.’s EBITDA margin is -283.54%. Its gross profit as reported stood at $14.05 million compared to revenue of $43.63 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nano Dimension Ltd.’s return on assets was -13.70%.
Earnings Surprise
For the recent quarter, Nano Dimension Ltd. had $0.74 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.87 million in the quarter, while revenues were grew 94.25%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nano Dimension Ltd. (NNDM) price momentum. RSI 9-day as of the close on 09 August was 42.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.21%.
As of today, NNDM’s price is $2.89 -2.68% or -$0.08 from its 5-day moving average. NNDM is currently trading -7.32% lower than its 20-day SMA and +11.49% higher than its 100-day SMA. However, the stock’s current price level is +22.27% above the SMA50 and +23.83% above the SMA200.
The stochastic %K and %D were 36.51% and 28.41%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 30.16% and the average true range at 0.14, the RSI (14) stands at 46.81%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
Maxim Group reiterated its a Buy rating on Nano Dimension Ltd. (NASDAQ: NNDM), but raised their price target to $12, indicating a potential price increase of 75.75% for the stock. The consensus rating for Nano Dimension Ltd. (NNDM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NNDM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is NNDM’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Nano Dimension Ltd. (NNDM) stock is $10.00.
