At the last check on Thursday, Nano Dimension Ltd.’s (NASDAQ:NNDM) stock traded at $2.85. The average number of shares traded per day over the past five days has been 1,236,922 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.05 fall in that time frame. In the last twenty days, the average volume was 2,537,610, while in the previous 50 days, it was 3,014,266.
Since last month, NNDM stock retreated -9.68%. Shares of the company fell to $2.72 on 08/04/23, the lowest level in the past month. A 52-week high of $3.59 was reached on 07/27/23 after having rallying from a 52-week low of $2.06. Since the beginning of this year, NNDM’s stock price has risen by 23.70% or $0.55, and marked a new high 25 times. However, the stock has declined by -20.64% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.83. Besides these, the trailing price-to-sales (P/S) ratio of 15.10, the price-to-book (PB) ratio of 0.61.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 40.70% percent. Based on annual data, NNDM earned $14.05 million in gross profit and brought in $43.63 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.70%. Return on equity (ROE) for the past 12 months was -14.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NNDM’s revenue rose 75.96% during the quarter, while net income inched up to $43.63 million. During the quarter, the company generated -$29.78 million in EBITDA. The liabilities of Nano Dimension Ltd. were 49.71 million at the end of its most recent quarter, and its total debt was $12.44 million.
Technical Picture
This quick technical analysis looks at Nano Dimension Ltd.’s (NNDM) price momentum. With a historical volatility rate of 40.03%, the RSI 9-day stood at 38.57% on 16 August.
With respect to its five-day moving average, the current Nano Dimension Ltd. price is down by -1.72% percent or -$0.05. At present, NNDM shares trade -10.94% below its 20-day simple moving average and +10.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.75% above its SMA50 and +14.46% above its SMA200.
Stochastic coefficient K was 24.30% and Stochastic coefficient D was 26.16%, while ATR was 0.10. Given the Stochastic reading of 23.01% for the 14-day period, the RSI (14) reading has been calculated as 43.83%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.06.
Analyst Ratings
Maxim Group reiterated its a Buy rating on Nano Dimension Ltd. (NASDAQ: NNDM) in a note to investors. The analysts firm has however raised their price target to $8, representing a possible 76.25% increase in the stock price. Nano Dimension Ltd. (NNDM) has been rated Buy by analysts. According to 0 brokerage firms, NNDM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nano Dimension Ltd. stock as buy, with 1 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Nano Dimension Ltd. (NNDM) will achieve an average price target of $10.00.
