Here’s Why Nano Dimension Ltd ADR (NASDAQ: NNDM) Is A Good Stock To Buy Right Now

The trading price of Nano Dimension Ltd ADR (NASDAQ:NNDM) remained unchanged on current market day and closing at $2.11.

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 lost -8.66% in value.

Nano Dimension Ltd ADR, whose market valuation is $462.60 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest NNDM has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 75% Sell.

A quick review shows that NNDM’s price is currently -11.34% off the SMA20 and -11.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.42, and weekly volatility stands at 4.35%. When measured over the past 30 days, the indicator reaches 5.11%. Nano Dimension Ltd ADR (NASDAQ:NNDM)’s beta value is currently sitting at 1.30, while the Average True Range indicator is currently displaying 0.11.

To see how Nano Dimension Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: NNDM stock’s performance was 0.00% at last check in today’s session, and -25.96% 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 2.32 million.

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 34.78%. However, since the stock’s price has seen -14.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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