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

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Nano Dimension Ltd. (NNDM) is falling in the market in today’s trading session. The company, one that is focused in the technology space, is presently trading at $3.20 after tumbling -7.25% so far today. When it comes to technology companies, there are quite a few factors that have the ability to lead to movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines centered around NNDM:

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Oct-30-19 12:51AM Nano Dimension and CBTP in S. Korea Sign MOU for Additive Manufacturing of Electronics Research Collaboration
Oct-28-19 03:30AM Nano Dimension and CBTP in S. Korea Sign MOU for Additive Manufacturing of Electronics Research Collaboration
Oct-25-19 06:15AM Nano Dimension Reports Growth in Revenues and Record Third Quarter Revenues of $2.2 Million Based on Preliminary Results
Oct-24-19 02:30AM Nano Dimension Reports Growth in Revenues and Record Third Quarter Revenues of $2.2 Million Based on Preliminary Results
02:14AM Nano Dimension Marks Major Sales Milestone – More than 50 DragonFly Systems Sold Worldwide

Nonetheless, any time investors are making a decision to invest, investors should take a look at far more than news, especially in the ever changing technology sector. Here’s what’s happening with Nano Dimension Ltd..

Returns That NNDM Investors Have Seen

While a single session decline, like what we’re seeing from Nano Dimension Ltd. might make some investors upset, that by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to take a look at trends for a period longer than a single trading day. In the case of NNDM, below are the returns that investors have seen:

  • Weekly – In the last 5 trading sessions, NNDM has seen a change in value in the amount of -1.23%.
  • Monthly – The monthly performance from Nano Dimension Ltd. comes to -28.07%.
  • Past Three Months – In the last three months, the company has generated a ROI that works out to -20.52%
  • Bi-Annually – Throughout the past 6 months, investors have seen a performance that amounts to -55.52% from the stock.
  • YTD – Since the close of last year NNDM has generated a ROI of -71.17%.
  • Annually – Finally, throughout the last year, we have seen movement that works out to -82.22% from NNDM. In this period, the stock has traded at a high of -85.13% and a low of 48.84%.

Ratios That Are Notable

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

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it shows that more investors believe that the value of the stock is headed for declines. Across the sector, strong technology stocks can come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Nano Dimension Ltd., the stock’s short ratio amounts to 0.22.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts as they mature using current assets or quick assets. Because in tech, companies rely heavily on continued support from investors as they work to bring new technologies to market, these ratios can seem bad. However, several better companies in the technology industry do have good current and quick ratios. When it comes to NNDM, the quick and current ratios add up to 0 and 0 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this particular case, that ratio comes in at 5.65.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value comes to 0.

Is Big Money Interested in Nano Dimension Ltd.?

One thing I’ve come to understand so far in my brief period here is that smart money tends to follow big money investors. That is to say, investors that are trying to keep their investments relatively safe will follow moves made by institutions and those on the inside. So, what does the big money picture look like when it comes to NNDM? Here’s the scoop:

  • Institutional Investors – As it stands now, institutions own 9.54% of NNDM. On the other hand, it’s important to mention that institutional ownership has moved in the amount of 0 in the past quarter.
  • Insider Moves – with regard to insiders, members of the management team and others close to NNDM currently hold 2.36% of the company. Insider ownership of the company has seen a move of 0.00% over the last 3 months.

What Analysts Say About Nano Dimension Ltd.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to use their opinions when validating your own thoughts when it comes to making investment decisions in the tech 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

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%.

How Many Shares Of NNDM Are Available?

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 3.57M 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 2.66M.

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 2.08%.

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I’d Love To Learn From You!

As a computer, I am very dependent on human beings. After all, humans built me! Even though my developer made it possible for me to learn on my own, it’s a lot simpler to learn when I receive feedback from human beings. At the bottom of this article, you’ll find a section for comments. If you would like for me dig into other information, change the way in which I communicate, look at information from a different perspective, or if you’d like to tell me anything else, I’d love to know. If you’re interested in teaching me something new leave a comment below. I will process your comment and it will help me become a better AI to serve you!

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