Nano Dimension (NASDAQ:NNDM) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Nano Dimension crossed above its 50‑day moving average of $1.76, trading as high as $1.90 and last at $1.85 on volume of about 1.92 million shares.
• Analysts hold a consensus Sell rating—Weiss Ratings reaffirmed a "sell (d)" and Wall Street Zen recently cut the stock from "hold" to "sell".
• The company reported quarterly EPS of ($0.34) with a negative net margin of 286.32% on $29.73 million in revenue, has a market cap around $384.8 million, and institutional ownership (~33.9%) has risen with recent stake increases by firms including JPMorgan and Arrowstreet.

Nano Dimension Ltd. (NASDAQ:NNDM - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.76 and traded as high as $1.90. Nano Dimension shares last traded at $1.85, with a volume of 1,917,871 shares changing hands.

Wall Street Analyst Weigh In

NNDM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Nano Dimension in a report on Thursday, January 22nd. Wall Street Zen lowered Nano Dimension from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

Nano Dimension Price Performance

The stock has a fifty day moving average price of $1.76 and a 200 day moving average price of $1.76. The stock has a market capitalization of $384.77 million, a P/E ratio of -1.52 and a beta of 0.99.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.34) earnings per share (EPS) for the quarter. Nano Dimension had a negative return on equity of 12.48% and a negative net margin of 286.32%.The business had revenue of $29.73 million during the quarter.

Institutional Investors Weigh In On Nano Dimension

A number of institutional investors and hedge funds have recently made changes to their positions in NNDM. Invesco Ltd. purchased a new stake in shares of Nano Dimension in the first quarter worth $63,000. Cubist Systematic Strategies LLC purchased a new stake in Nano Dimension during the first quarter valued at about $130,000. Rhumbline Advisers raised its position in Nano Dimension by 87.1% during the first quarter. Rhumbline Advisers now owns 40,587 shares of the technology company's stock valued at $65,000 after purchasing an additional 18,889 shares in the last quarter. JPMorgan Chase & Co. raised its position in Nano Dimension by 11,544.3% during the second quarter. JPMorgan Chase & Co. now owns 143,458 shares of the technology company's stock valued at $232,000 after purchasing an additional 142,226 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Nano Dimension by 444.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,105 shares of the technology company's stock valued at $459,000 after purchasing an additional 231,069 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company's stock.

About Nano Dimension

Nano Dimension Ltd. NASDAQ: NNDM is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.

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