Nano Dimension Ltd (NNDM)

[WhiteSahara]

Month old Article Forecasting Growth:

https://stocksregister.com/2020/06/08/analysts-provide-insight-on-how-high-nano-dimension-ltd-nndm-can-go/


Analysts provide insight on how high Nano Dimension Ltd. (NNDM) can go
By Kaden Berrington -
June 8, 2020


Nano Dimension Ltd. (NASDAQ:NNDM) concluded the trading on Friday, Jun 05 with a fall of -0.76% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $2.63 and 5Y monthly beta was reading 2.53 with its price kept floating in the range of $2.5300 and $2.7500 on the day. Considering stock’s 52-week price range provides that NNDM hit a high price of $5.35 and saw its price falling to a low level of $0.51 during that period. Over a period of past 1-month, stock came adding 257.53% in its value.


Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $2.7 Million. They suggested that in the process company could generate revenue of as low as $2.7 Million which could climb up to $2.7 Million to hit a high. The average estimate is representing an increase of 14820.% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $15.2 Million in 2020, which will be +198% more from revenue generated by the company last year.
In contrast, when we review NNDM stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Nano Dimension Ltd. (NNDM) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.


Digging deeper we become aware of the PEG ratio of the NNDM stock which is currently positioned at 0. It further provides that stock’s current price level is 27.8% away from its 20-day simple moving average and is 93.15% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.98 while volatility remained at 0.1814 over the past week which changes to 0.3163 when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 0.46. In predicting price targets of as low as $7.5 and as high as $7.5, analysts are in agreement on assigning the stock over the next 12 months average price target of $7.5. Stock’s current price level is 187.36% above from estimated low price target while it is 187.36% below the estimated high; and even if the NNDM’s share succeeded to reach the median price of $7.5, then the outlook of +187.36% could come to the excitement of the investors.
Having a second look at Nano Dimension Ltd. (NASDAQ:NNDM) provides that stock’s average daily trading volume for 3 months was 11.23 Million, while it dropped to 10.07 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 46.07 Million.


Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 0% while it is 1.66% for the institutional holders. The figures also indicate that as of May 14, 2020, number of stock’s short shares was 365000000 which implies a short ratio of 0.03. This shows up a 0.23% of Short Interest in company’s outstanding shares on the day. In May the standing of shares short improved as it was 335.39 Million in the previous month. Addition of +3.16% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.