Nano Dimension (NASDAQ:NNDM) Releases Quarterly Earnings Results

Key Points

• Nano Dimension reported a quarterly earnings loss of ($0.01) earnings per share (EPS), with a negative return on equity of 9.90% and a net margin of 144.35%.
• Shares of Nano Dimension (NASDAQ:NNDM) increased slightly to $1.49, with a market capitalization of $322.66 million and a 12-month price range between $1.31 and $2.74.
• Institutional investors hold 33.89% of the company, with notable increases in stakes by firms like Daiwa Securities Group and Osaic Holdings in recent quarters.

Nano Dimension (NASDAQ:NNDM - Get Free Report) announced its earnings results on Wednesday. The technology company reported ($0.01) earnings per share for the quarter, Zacks reports. The firm had revenue of $25.84 million during the quarter. Nano Dimension had a negative net margin of 318.62% and a negative return on equity of 5.28%. During the same period last year, the business posted ($0.20) EPS.

Nano Dimension Stock Down 1.4%

Shares of NASDAQ NNDM traded down $0.02 during trading on Friday, hitting $1.39. The company had a trading volume of 2,946,051 shares, compared to its average volume of 1,942,829. The stock has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.55. Nano Dimension has a fifty-two week low of $1.31 and a fifty-two week high of $2.74. The firm has a market capitalization of $302.02 million, a price-to-earnings ratio of -1.35 and a beta of 1.30.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Nano Dimension from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st.

Hedge Funds Weigh In On Nano Dimension

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in Nano Dimension by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,849,742 shares of the technology company's stock worth $4,617,000 after acquiring an additional 204,120 shares during the last quarter. Man Group plc raised its stake in shares of Nano Dimension by 25.3% in the 2nd quarter. Man Group plc now owns 714,134 shares of the technology company's stock valued at $1,157,000 after acquiring an additional 144,274 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Nano Dimension by 444.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,105 shares of the technology company's stock valued at $459,000 after acquiring an additional 231,069 shares during the period. Tidal Investments LLC increased its stake in Nano Dimension by 39.8% during the 2nd quarter. Tidal Investments LLC now owns 268,324 shares of the technology company's stock worth $435,000 after buying an additional 76,407 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Nano Dimension by 11,544.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 143,458 shares of the technology company's stock worth $232,000 after buying an additional 142,226 shares during the period. 33.89% of the stock is currently owned by institutional investors and hedge funds.

About Nano Dimension

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.