The stock of Nano Dimension Ltd ADR (NASDAQ: NNDM) has decreased by -1.28 when compared to last closing price of 2.74.Despite this, the company has seen a gain of 1.31% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that Artificial intelligence companies have become a huge investment trend in today’s stock market. Arguably, AI has already overshadowed some other recent cycles such as SPACs and blockchains.
Is It Worth Investing in Nano Dimension Ltd ADR (NASDAQ: NNDM) Right Now?
Company’s 36-month beta value is 1.76.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NNDM is 206.44M, and currently, short sellers hold a 8.05% ratio of that floaft. The average trading volume of NNDM on April 11, 2024 was 1.83M shares.
NNDM’s Market Performance
The stock of Nano Dimension Ltd ADR (NNDM) has seen a 1.31% increase in the past week, with a -7.36% drop in the past month, and a 20.76% gain in the past quarter. The volatility ratio for the week is 4.16%, and the volatility levels for the past 30 days are at 4.30% for NNDM. The simple moving average for the last 20 days is -2.20% for NNDM’s stock, with a simple moving average of 1.48% for the last 200 days.
Analysts’ Opinion of NNDM
Many brokerage firms have already submitted their reports for NNDM stocks, with Maxim Group repeating the rating for NNDM by listing it as a “Buy.” The predicted price for NNDM in the upcoming period, according to Maxim Group is $8 based on the research report published on October 21, 2016 of the previous year 2016.
NNDM Trading at -0.41% 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 -19.25% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -7.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.79% upper at present.
During the last 5 trading sessions, NNDM rose by +1.91%, which changed the moving average for the period of 200-days by +19.35% in comparison to the 20-day moving average, which settled at $2.75. In addition, Nano Dimension Ltd ADR saw 12.71% 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:
- -1.21 for the present operating margin
- 0.45 for the gross margin
The net margin for Nano Dimension Ltd ADR stands at -0.97. The total capital return value is set at -0.07.
Based on Nano Dimension Ltd ADR (NNDM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -7.61. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -120.45.
Currently, EBITDA for the company is -73.61 million with net debt to EBITDA at 4.02. When we switch over and look at the enterprise to sales, we see a ratio of 4.67. The receivables turnover for the company is 2.53for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 25.93.
Conclusion
In a nutshell, Nano Dimension Ltd ADR (NNDM) has experienced a better performance in recent times. The stock has received mixed “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.
