Nano Dimension Ltd ADR (NASDAQ:NNDM) shares, rose in value, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $2.45.
Actively observing the price movement in the last trading, the stock closed the session at $2.46. The value of beta (5-year monthly) was 1.76. Referring to stock’s 52-week performance, its high was $3.35, and the low was $2.06. On the whole, NNDM has fluctuated by -12.50% over the past month.
With the market capitalization of Nano Dimension Ltd ADR currently standing at about $506.10 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 08, 2024 – Apr 12, 2024.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NNDM currently trading nearly -5.90% and -9.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.63, while the 7-day volatility ratio is showing 2.97% which for the 30-day chart, stands at 3.87%. Furthermore, Nano Dimension Ltd ADR (NNDM)’s beta value is 1.78, and its average true range (ATR) is 0.10.
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 -0.41% in last session, and over the past year, it grew by 2.51%%.
Data on historical trading for Nano Dimension Ltd ADR (NASDAQ:NNDM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.64 million. According to company’s latest data on outstanding shares, there are 206.57 million shares outstanding.
Nearly 0.07% of Nano Dimension Ltd ADR’s shares belong to company insiders and institutional investors own 35.52% of the company’s shares. The stock has risen by 2.08% 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.
