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Tuesday, October 27, 2020

Nano Dimension Ltd. (NASDAQ:NNDM) on the Path to Profitability

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Nano Dimension Ltd. (NNDM) shares are trading at higher $1.78 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $4.90 and the low is $0.51. Over the last 52 weeks, NNDM is down -51.89% while the S&P 500 is up 8.70%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NNDM reported a profit of $79000.0. Nano Dimension Ltd. also saw revenues decrease to $0.29 million. In addition, NNDM has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at -$3.81 million which compares well with its peers.

NNDM Return on Equity (ROE) is -67.20%, and its Return on Assets is -46.20%. All told, it is clear that, NNDM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NNDM has a short ratio of 0.42 and outstanding shares of 30.61M.

Company Outlook

NNDM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.81 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.31. Nano Dimension Ltd. NNDM also noted assets of $66.38 million at the end of the last quarter. Investors should also keep an eye on sector updates as NNDM has historically followed its peers on positive news.

All told, Nano Dimension Ltd. NNDM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NNDM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Nano Dimension Ltd. NNDM is now commanding a market cap of 80.44M and a float of 2.62M. NNDM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NNDM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NNDM, either long or short, and we have not been compensated for this article.

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