NNDM Stock Summary and Trading Ideas (Nano Dimension Ltd. - American Depositary Shares | NASDAQ:NNDM)

Nano Dimension Ltd is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). High-fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in medical devices. The portfolio of the company includes Mechanical, Chemical, Applications, Industrial Design, and Artificial Learning areas. Nano Dimension machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components, to function at an unprecedented performance.

Nano Dimension Ltd. - American Depositary Shares trades on the NASDAQ stock market under the symbol NNDM.

As of November 15, 2024, NNDM stock price declined to $2.09 with 1,790,325 million shares trading.

NNDM has a beta of 0.85, meaning it tends to be less sensitive to market movements. NNDM has a correlation of 0.07 to the broad based SPY ETF.

NNDM has a market cap of $458.21 million. This is considered a Small Cap stock.

In the last 3 years, NNDM traded as high as $5.52 and as low as $2.04.

The top ETF exchange traded funds that NNDM belongs to (by Net Assets): PRNT, IEFA, SCZ, IDEV, APIE.

NNDM has underperformed the market in the last year with a price return of -17.7% while the SPY ETF gained +31.8%. NNDM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.3% and -4.1%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

NNDM support price is $2.12 and resistance is $2.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NNDM shares will trade within this expected range on the day.