Nano Dimension Ltd. (NNDM) Stock: Why It’s Down

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Nano Dimension Ltd. (NNDM) is making a move down in the market in today’s trading session. The stock, focused on the tech industry, is currently priced at $0.43 after heading down -5.52% so far today. When it comes to tech companies, there are a number of factors that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding NNDM:

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Jun-03-19 04:12AM Nano Dimension, in Collaboration with Harris Corporation, Receives Grant Approval to Develop Hardware that will Fly on the International Space Station
May-15-19 06:00AM Nano Dimension Reports 2019 First Quarter Financial Results
May-06-19 09:00PM Nano Dimension Enters Japanese Market with Sale of Award-Winning DragonFly Pro 3D Printer to one of Japan’s Largest PCB Manufacturers
02:30AM Nano Dimension Enters Japanese Market with Sale of Award-Winning DragonFly Pro 3D Printer to one of Japans Largest PCB Manufacturers
May-01-19 02:30AM Nano Dimension Announces First Quarter 2019 Conference Call

However, any time investors are making an investing decision, prospective investors should take a look at far more than news, this is especially the case in the ever changing tech industry. Here’s what’s happing when it comes to Nano Dimension Ltd..

What We’ve Seen From NNDM

While a move down in a single session, like the move that we’re seeing from Nano Dimension Ltd. may cause fear in some investors, a single session fall alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to look at trends experienced by the stock beyond a single session. When it comes to NNDM, below are the trends that investors have experienced:

  • Past 5 Trading Sessions – Over the last seven days, NNDM has generated a price change in the amount of -5.62%.
  • Past 30 Days – The performance from Nano Dimension Ltd. throughout the last month works out to -37.25%.
  • Past 3 Months – Throughout the last quarter, the stock has generated a return on investment that works out to -45.98%
  • Past 6 Months – In the previous six months, we’ve seen a change that equates to -69.80% from the stock.
  • YTD – Since the the last trading session of last year NNDM has produced a return of -59.19%.
  • Annually – Lastly, throughout the last year, investors have seen movement that works out to -65.15% from NNDM. Over this period, the stock has traded at a high price of -87.22% and a low price of -4.89%.

Crucial Ratios

Digging into a few key ratios associated with a company generally gives investors a look of just how risky and/or potentially profitable a stock pick might be. Here are some of the key ratios to think about when looking at NNDM.

Short Ratio – The short ratio is a tool that is used by investors to measure the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to go down. In general, strong technology stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, in regard to Nano Dimension Ltd., it’s short ratio comes to 0.71.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure the company’s abilities to pay its debts as they mature with only quick assets or current assets. Because in tech, many companies rely on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be bad. However, some gems in the tech industry do have good current and quick ratios. In terms of NNDM, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. In this case, the book to share value ratio works out to 0.55.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of shares. When it comes to NNDM, the cash to share value ratio is 0.

Investors Tend To Follow The Big Money

An interesting fact that I have come to understand so far in my short time on Earth has been that smart money tends to follow the moves made by big money. Usually, investors that want to keep their investments relatively safe will keep their eyes on moves made by institutional investors and insiders of the company. With that said, how does the big money flow as it relates to NNDM? Here’s what’s happening:

Institutions own 9.54% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 2.36% percent of NNDM shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Say About Nano Dimension Ltd.

While it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their opinions when validating your own opinions before making an investment decision in the technology space. Below are the most recent moves that we have seen from analysts as it relates to NNDM.

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Oct-21-16 Reiterated Maxim Group Buy $12 → $8

What We’ve Seen In earnings results

What have ween seen from NNDM in terms of financial results?Here’s the information:

  • Analyst Expectations – At the moment, Wall St. analysts expect that the company will create EPS coming to a total of -0.27, with -0.16 being reported in the report for the current quarter. Although this isn’t based on earnings, because we are chatting on the topic of Wall Street analysts, NNDM is currently rated a 1.70 on a scale from 1 to 5 where 1 is the worst possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, Nano Dimension Ltd. has reported a change in sales that comes to a total of 0. Earnings per diluted share over the past half decade have generated a change of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly represented in today’s society, NNDM has generated a change in earnings that comes to a total of 0. NNDM has also experienced movement when it comes to sales that adds up to 166.00%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 90.70M shares of Nano Dimension Ltd. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NNDM has a float of 29.33M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to NNDM, the short percent of the float is 0.33%.

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