Stock Performance And Forecast For Nano Dimension Ltd.

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In the last trading session, 1.31 million Nano Dimension Ltd. (NASDAQ:NNDM) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $3.16 changed hands at -$0.14 or -4.24% during last session, the market valuation stood at $842.55M. NNDM’s last price was a discount, traded about -120.89% off its 52-week high of $6.98. The share price had its 52-week low at $2.17, which suggests the last value was 31.33% up since then. When we look at Nano Dimension Ltd.’s average trading volume, we note the 10-day average is 2.68 million shares, with the 3-month average coming to 3.42 million.

Analysts gave the Nano Dimension Ltd. (NNDM) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NNDM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Nano Dimension Ltd.’s EPS for the current quarter is expected to be $0.

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Instantly NNDM was in red as seen at the end of in last trading. With action -1.56%, the performance over the past five days has been red. The drop to weekly highs of 3.54 on Tuesday, 07/26/22 subtracted -4.24% to the stock’s daily price. The company’s shares are showing year-to-date downside of -16.84%, with the 5-day performance at -1.56% in the red. However, in the 30-day time frame, Nano Dimension Ltd. (NASDAQ:NNDM) is -0.94% down. Looking at the short shares, we see there were 23.09 million shares sold at short interest cover period of 7.15 days.

The consensus price target for the stock as assigned by Wall Street analysts is $10.00, meaning bulls need an upside of 68.4% from its current market value. According to analyst projections, NNDM’s forecast low is $10.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -216.46% plunge from its current level, while the stock would need to soar -216.46% for it to hit the projected low.

Nano Dimension Ltd. (NNDM) estimates and forecasts

Year-over-year growth is forecast to reach 47.10% up from the last financial year.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.60%. The 2022 estimates are for Nano Dimension Ltd. earnings to increase by 28.10%.

NNDM Dividends

Nano Dimension Ltd. is expected to release its next quarterly earnings report between March 09 and March 14.

Nano Dimension Ltd. (NASDAQ:NNDM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.83% of Nano Dimension Ltd. shares while 21.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.41%. There are 21.23% institutions holding the Nano Dimension Ltd. stock share, with ARK Investment Management, LLC the top institutional holder. As of Mar 30, 2022, the company held 7.60% of the shares, roughly 18.91 million NNDM shares worth $67.32 million.

Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 2.37% or 5.89 million shares worth $22.37 million as of Dec 30, 2021.

Among Mutual Funds, the top two as of Feb 27, 2022 were ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF. With 7.97 million shares estimated at $28.2 million under it, the former controlled 3.20% of total outstanding shares. On the other hand, ARK ETF Tr-ARK Autonomous Technology & Robotics ETF held about 3.06% of the shares, roughly 7.62 million shares worth around $26.99 million.