Nano Dimension Ltd ADR (NASDAQ:NNDM) shares, rose in value on Thursday, January 02, with the stock price up by 1.21% to the previous day’s close as strong demand from buyers drove the stock to $2.51.
Actively observing the price movement in the last trading, the stock closed the session at $2.48, falling within a range of $2.47 and $2.5799. The value of beta (5-year monthly) was 1.662. Referring to stock’s 52-week performance, its high was $3.01, and the low was $2.04. On the whole, NNDM has fluctuated by 12.05% over the past month.
With the market capitalization of Nano Dimension Ltd ADR currently standing at about $550.29 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NNDM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NNDM currently trading nearly 3.08% and 9.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.91, while the 7-day volatility ratio is showing 4.91% which for the 30-day chart, stands at 5.47%. Furthermore, Nano Dimension Ltd ADR (NNDM)’s beta value is 1.64, and its average true range (ATR) is 0.12.
A comparison of Nano Dimension Ltd ADR (NNDM) with its peers suggests the former has fared considerably weaker in the market. NNDM showed an intraday change of 1.21% in last session, and over the past year, it grew by 7.26%%.
Data on historical trading for Nano Dimension Ltd ADR (NASDAQ:NNDM) indicates that the trading volumes over the past 10 days have averaged 2.61 and over the past 3 months, they’ve averaged 1.49 million. According to company’s latest data on outstanding shares, there are 219.24 million shares outstanding.
Nearly 0.06% of Nano Dimension Ltd ADR’s shares belong to company insiders and institutional investors own 27.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.43 million shares as on 2024-10-31, resulting in a short ratio of 19.92. According to the data, the short interest in Nano Dimension Ltd ADR (NNDM) stood at 722.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 16.17 million. The stock has risen by 1.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NNDM stock heading into the next quarter.
