In the last trading session, 8,807,106 Nano Dimension Ltd. (NASDAQ:NNDM) shares changed hands as the company’s beta touched 2.34. With the company’s per share price at $7.59 changed hands at -$0.09 or -0.01% during last session, the market valuation stood at $1.95 Billion. NNDM’s last price was a discount, traded about -135.71% off its 52-week high of $17.89. The share price had its 52-week low at $1.31, which suggests the last value was 82.74% up since then. When we look at Nano Dimension Ltd.’s average trading volume, we note the 10-day average is 14.84 Million shares, with the 3-month average coming to 17.13 Million.
Analysts gave the Nano Dimension Ltd. (NNDM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended NNDM as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Nano Dimension Ltd.’s EPS for the current quarter is expected to be $0.
Nano Dimension Ltd. (NASDAQ:NNDM) trade information
Although NNDM has turned red as seen at the end of in last trading. With action -1.17%, the performance over the past five days has been red. The jump to weekly highs of $8.22- on Friday, Jun 18 added 7.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.17%, with the 5-day performance at -0.05% in the red. However, in the 30-day time frame, Nano Dimension Ltd. (NASDAQ:NNDM) is 0.23% up. Looking at the short shares, we see there were 29.83 Million shares sold at short interest cover period of 1.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is $10, meaning bulls need an upside of 31.75% from its current market value. According to analyst projections, NNDM’s forecast low is $10 with $10 as the target high. To hit the forecast high, the stock’s price needs a +31.75% upsurge from its current level, while the stock would need to tank 31.75% for it to hit the projected low.
Nano Dimension Ltd. (NNDM) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Nano Dimension Ltd. earnings to increase by 99.1%, but the outlook for the next 5-year period is at 0% per year.
Nano Dimension Ltd. (NASDAQ:NNDM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.01% of Nano Dimension Ltd. shares while 19.3% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.31%. There are 158 institutions holding the Nano Dimension Ltd. stock share, with ARK Investment Management, LLC the top institutional holder. As of Mar 30, 2021, the company held 7.54% of the shares, roughly 12.97 Million NNDM shares worth $111.39 Million.
Renaissance Technologies, LLC holds the second largest percentage of outstanding shares, with 3.89% or 6.68 Million shares worth $57.42 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of May 30, 2021 were ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and ARK ETF Tr-ARK Next Generation Internet ETF. With 7718221 shares estimated at $54.8 Million under it, the former controlled 4.49% of total outstanding shares. On the other hand, ARK ETF Tr-ARK Next Generation Internet ETF held about 4.39% of the shares, roughly 7.56 Million shares worth around $53.64 Million.