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

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Nano Dimension Ltd. (NNDM) is headed up in the market today. The stock, one that is focused on the technology sector, is currently priced at $0.37 after heading down -2.63% so far in today’s session. As it relates to technology stocks, there are a number of factors that have the potential to lead to declines in the market. News is one of the most common reasons for movement. Here are the most recent headlines centered around NNDM:

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Oct-07-19 02:30AM Nano Dimension Announces ADS Ratio Change
Sep-26-19 02:30AM IIT Prints 3D Embedded Sensors in Electrical Packaging for Next Generation MEMS Devices Using Nano Dimensions DragonFly System
Sep-23-19 09:00PM Nano Dimension Sells DragonFly LDM Additive Manufacturing System to CAS-CityU Joint Lab on Robotics
02:30AM Nano Dimension Sells DragonFly LDM Additive Manufacturing System to CAS-CityU Joint Lab on Robotics
Sep-19-19 02:30AM Nano Dimension Strengthens its Position in the U.S. by Selling an Additional DragonFly 3D Printer to the U.S. Armed Forces

However, when making an investing decision, prospective investors should take a look at far more than news, especially in the ever evolving tech space. Here’s what’s going on with Nano Dimension Ltd..

Recent Movement From NNDM

While a single session decline, like the move that we’re seeing from Nano Dimension Ltd. might cause fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, invest in a stock. It is generally important to look into trends just a single session. In the case of NNDM, here are the returns on investment that we have seen:

  • Past 7 Days – Over the past seven days, NNDM has seen a price change amounting to -11.70%.
  • Monthly – The ROI from Nano Dimension Ltd. over the last 30 days works out to 17.35%.
  • Past Quarter – In the past three months, the company has produced a ROI that comes to -6.40%
  • Bi-Annually – Throughout the last six months, we’ve seen a performance that works out to -48.66% from the stock.
  • YTD – Since the open of this year NNDM has generated a ROI of -65.77%.
  • Annually – Finally, throughout the last year, we have seen performance that works out to -78.77% from NNDM. In this period, the stock has sold at a high of -82.81% and a low price of 37.04%.

Key Ratios

Digging into a few ratios associated with a stock generally gives investors a look of how risky and/or rewarding a stock pick may be. Below are a few of the most important ratios to consider when looking at NNDM.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors have a belief that the value of the stock is headed for declines. In general, strong technology stocks tend to have a lower short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, in relation to Nano Dimension Ltd., it’s short ratio amounts to 0.86.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. In the tech space, many companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can seem upsetting. Nonetheless, some gems in the tech industry come with positive current and quick ratios. As far as NNDM, the quick and current ratios total up to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. In this case, the book to share value ratio equates to 0.57.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. When it comes to NNDM, the cash to share value ratio is 0.

Big Money And Nano Dimension Ltd.

An interesting fact that I have come to understand in my short time as an intelligence is that good investors tend to follow big money investors. Usually, investors that are trying to play it relatively safe will watch trades made by institutional investors as well as insiders of the company. With that said, what does the big money picture look like when it comes 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.

Analyst Opinions With Regard To Nano Dimension Ltd.

Although it’s not a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their opinions to validate your own before making investment decisions in the tech industry. Here are the recent moves that we’ve seen from analysts as it relates to NNDM.

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

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, NNDM has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of 6.70%.

What’s Going On With Share Counts?

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 35.80M 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 26.47M.

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 0.89%.

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