Nano Dimension Ltd ADR (NASDAQ: NNDM)’s stock price has gone rise by 2.28 in comparison to its previous close of 2.14, however, the company has experienced a 1.80% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-26 that Antitrust Milestone Marks Significant Step Towards Deal Closing Acquisition is Expected to Close in Q4/2024 Waltham, Mass., Aug. 26, 2024 (GLOBE NEWSWIRE) — Nano Dimension Ltd.
Is It Worth Investing in Nano Dimension Ltd ADR (NASDAQ: NNDM) Right Now?
The 36-month beta value for NNDM is also noteworthy at 1.63. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NNDM is 219.11M, and at present, short sellers hold a 7.06% of that float. The average trading volume of NNDM on September 18, 2024 was 1.17M shares.
NNDM’s Market Performance
NNDM stock saw an increase of 1.80% in the past week, with a monthly gain of 1.33% and a quarterly increase of -2.72%. The volatility ratio for the week is 3.31%, and the volatility levels for the last 30 days are 3.16% for Nano Dimension Ltd ADR (NNDM). The simple moving average for the past 20 days is 1.05% for NNDM’s stock, with a -10.37% simple moving average for the past 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 -1.94% 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 -27.28% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.66% lower at present.
During the last 5 trading sessions, NNDM rose by +0.93%, which changed the moving average for the period of 200-days by -5.65% in comparison to the 20-day moving average, which settled at $2.16. In addition, Nano Dimension Ltd ADR saw -8.80% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NNDM
Current profitability levels for the company are sitting at:
- -1.83 for the present operating margin
- 0.46 for the gross margin
The net margin for Nano Dimension Ltd ADR stands at -2.66. The total capital return value is set at -0.11. Equity return is now at value -14.51, with -13.91 for asset returns.
Based on Nano Dimension Ltd ADR (NNDM), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -14.09. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -1.82.
Currently, EBITDA for the company is -73.61 million with net debt to EBITDA at 1.7. When we switch over and look at the enterprise to sales, we see a ratio of 4.7. The receivables turnover for the company is 3.19for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 29.64.
Conclusion
In summary, Nano Dimension Ltd ADR (NNDM) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
