The trading price of Nano Dimension Ltd ADR (NASDAQ:NNDM) closed lower on Tuesday, December 10, and closing at $2.44, -0.81% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.379 and $2.48. In examining the 52-week price action we see that the stock hit a 52-week high of $3.01 and a 52-week low of $2.04. Over the past month, the stock has gained 14.02% in value.
Nano Dimension Ltd ADR, whose market valuation is $534.95 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NNDM has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NNDM’s price is currently 11.11% off the SMA20 and 8.11% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.99, and weekly volatility stands at 6.36%. When measured over the past 30 days, the indicator reaches 5.00%. Nano Dimension Ltd ADR (NASDAQ:NNDM)’s beta value is currently sitting at 1.67, while the Average True Range indicator is currently displaying 0.11.
To see how Nano Dimension Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: NNDM stock’s performance was -0.81% in the latest trading, and 1.67% in the past year.
An evaluation of the daily trading volume of Nano Dimension Ltd ADR (NASDAQ:NNDM) indicates that the 3-month average is 1.20 million. However, this figure has increased over the past 10 days to an average of 2.2.
Currently, records show that 219.24 million of the company’s shares remain outstanding. The insiders hold 0.06% of outstanding shares, whereas institutions hold 27.24%. The stats also highlight that short interest as of 2024-10-31, stood at 15.43 million shares, resulting in a short ratio of 19.92 at that time. From this, we can conclude that short interest is 722.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 16.17 million. However, since the stock’s price has seen 1.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
