As of Friday close, Nano Dimension Ltd.’s (NASDAQ:NNDM) stock was up $0.01, moving up 0.39 percent to $2.58. The average number of shares traded per day over the past five days has been 1,917,480 shares. 4 times new highs have been achieved over the past 5 days, with a $0.04 gain in that time frame. In the last twenty days, the average volume was 1,796,070, while in the previous 50 days, it was 2,189,624.
Since last month, NNDM stock retreated -9.79%. Shares of the company fell to $2.50 on 09/18/23, the lowest level in the past month. A 52-week high of $3.35 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 12.17% or $0.28, and marked a new high 25 times. However, the stock has declined by -22.99% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.85. Besides these, the trailing price-to-sales (P/S) ratio of 12.96, the price-to-book (PB) ratio of 0.51.
Financial Health
In the recent quarter, Nano Dimension Ltd.’s quick ratio stood at 33.20, while its current ratio was 33.90, showing that the company is able to pay off its debt. 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 43.50% 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 -12.10%.
According to the earnings report, the company had a lower 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 -$28.89 million in EBITDA. The liabilities of Nano Dimension Ltd. were 44.6 million at the end of its most recent quarter, and its total debt was $11.09 million.
Technical Picture
This quick technical analysis looks at Nano Dimension Ltd.’s (NNDM) price momentum. With a historical volatility rate of 58.35%, the RSI 9-day stood at 41.63% on 22 September.
With respect to its five-day moving average, the current Nano Dimension Ltd. price is up by +1.57% percent or $0.04. At present, NNDM shares trade -7.19% below its 20-day simple moving average and +2.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.10% below its SMA50 and +9.79% above its SMA200.
Stochastic coefficient K was 20.62% and Stochastic coefficient D was 16.52%, while ATR was 0.14. Given the Stochastic reading of 18.82% for the 14-day period, the RSI (14) reading has been calculated as 41.81%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.02.
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 78.5% 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.
