Nano Dimension Ltd ADR (NASDAQ:NNDM) finished Wednesday with an addition of $0.15 to close at $2.72, an upside of 5.84 percent. An average of 1,748,180 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,729,185 shares traded, while the 50-day average volume stands at 2,110,472.
NNDM stock has decreased by -8.72% in the last month. The company shares reached their 1-month lowest point of $2.50 on 09/18/23. 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 $3.35 in 52 weeks. It has reached a new high 25 times so far this year and achieved 18.26% or $0.42 in price. In spite of this, the price is down -18.81% from the 52-week high.
Valuation Metrics
Nano Dimension Ltd ADR (NNDM) stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.24, the price-to-book (PB) ratio at 0.60.
Financial Health
The quick ratio of Nano Dimension Ltd ADR for the recent quarter was 33.22, and the current ratio was 33.88, 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 ADR’s EBITDA margin is -283.54%, while its operating margin for the same period stands at -300.23%. Its gross profit as reported stood at $14.05 million compared to revenue of $43.63 million.
Earnings Surprise
For the recent quarter, Nano Dimension Ltd ADR had $0.74 million in total debt. In the quarter under review, the net income was down 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 ADR (NNDM) price momentum. RSI 9-day as of the close on 27 September was 54.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.64%.
As of today, NNDM’s price is $2.61 -0.73% or -$0.02 from its 5-day moving average. NNDM is currently trading -10.82% lower than its 20-day SMA and +7.94% higher than its 100-day SMA. However, the stock’s current price level is -13.92% below the SMA50 and +26.51% above the SMA200.
The stochastic %K and %D were 37.96% and 26.30%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 66.67% and the average true range at 0.13, the RSI (14) stands at 49.98%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.
Analyst Ratings
Maxim Group reiterated its a Buy rating on Nano Dimension Ltd ADR (NASDAQ: NNDM), but raised their price target to $12, indicating a potential price increase of 77.33% for the stock. The consensus rating for Nano Dimension Ltd ADR (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 ADR (NNDM) stock is $10.00.
