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 September 27, 2024, NNDM stock price climbed to $2.53 with 1,354,437 million shares trading.

NNDM has a beta of 0.64, meaning it tends to be less sensitive to market movements. NNDM has a correlation of 0.04 to the broad based SPY ETF.

NNDM has a market cap of $554.67 million. This is considered a Small Cap stock.

In the last 3 years, NNDM traded as high as $6.75 and as low as $2.04.

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

NNDM has underperformed the market in the last year with a return of -7.0%, while SPY returned +35.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NNDM shares. However, NNDM has outperformed the market in the last 3 month and 2 week periods, returning +15.0% and +18.2%, while SPY returned +4.9% and +2.0%, respectively. This indicates NNDM has been having a stronger performance recently.

NNDM support price is $2.44 and resistance is $2.56 (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.