The stock price of Nano Dimension Ltd. (NASDAQ: NNDM) has dropped by -1.44 compared to previous close of 2.43. Despite this, the company has seen a fall of -3.43% in its stock price over the last five trading days.
Is It Worth Investing in Nano Dimension Ltd. (NASDAQ: NNDM) Right Now?
Moreover, the 36-month beta value for NNDM is 1.77. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Nano Dimension Ltd. (NNDM) is $10.00, The public float for NNDM is 250.98M and currently, short sellers hold a 6.39% of that float. On May 25, 2023, NNDM’s average trading volume was 1.90M shares.
NNDM’s Market Performance
The stock of Nano Dimension Ltd. (NNDM) has seen a -3.43% decrease in the past week, with a 0.21% rise in the past month, and a -15.37% fall in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 3.44% for NNDM. The simple moving average for the past 20 days is -4.62% for NNDM’s stock, with a -8.30% simple moving average for the past 200 days.
NNDM Trading at -5.64% from the 50-Day Moving Average
After a stumble in the market that brought NNDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.96% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -1.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.21% lower at present.
During the last 5 trading sessions, NNDM fell by -2.82%, which changed the moving average for the period of 200-days by -26.30% in comparison to the 20-day moving average, which settled at $2.51. In addition, Nano Dimension Ltd. saw 4.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NNDM
Current profitability levels for the company are sitting at:
- -300.24 for the present operating margin
- +20.51 for the gross margin
The net margin for Nano Dimension Ltd. stands at -521.22. Equity return is now at value -18.20, with -17.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 28.74.
Conclusion
To wrap up, the performance of Nano Dimension Ltd. (NNDM) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
