Anson Funds Management LP has recently announced that it has increased stake in Nano Dimension Ltd. (NASDAQ:NNDM) by 11.58%. After grabbing 15.6 million shares, the institutional investor is now in possession of 1.62 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.16% having worth around $38.53 million. Moreover, Murchinson Ltd. increased its share by 0.17 million to have a control over 14.68 million shares. And Boothbay Fund Management LLC raised its holdings to 1.88 million shares by acquiring 7.12 million shares or 2.81% of the stake.
Nano Dimension Ltd. (NNDM) concluded trading on 05/24/23 at a closing price of $2.43, with 1.02 million shares of worth about $2.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.41% during that period and on Wednesday the price saw a loss of about -0.82%. Currently the company’s common shares owned by public are about 253.21M shares, out of which, 250.98M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the NNDM stock and their offered price forecasts bring an average price target of $10.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $10.00. However, touching the estimated high of $10.00 would mean a gain of 75.7% for the stock.
SPDR S&P Kensho New Economies Com, ARK 3D Printing ETF, and iShares Tr. – Core MSCI EAFE ETF are the top 3 mutual funds which are holding stakes in Nano Dimension Ltd. SPDR S&P Kensho New Economies Com is currently holding 5.13 million shares of worth totaling $12.67 million. The company recently came buying 33900.0 shares which brought its stake up to 2.03% of the company’s outstanding shares. iShares Tr. – Core MSCI EAFE ETF, after buying 1.33 million shares, have now control over 0.52% of the stake in the company. It holds 0.0 shares of worth $3.28 million.
Nano Dimension Ltd. (NASDAQ: NNDM) started trading at $2.43, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 2.4400, or with a loss of -0.82%. Stock saw a price change of -2.02% in past 5 days and over the past one month there was a price change of 1.67%. Year-to-date (YTD), NNDM shares are showing a performance of 5.65% which decreased to -12.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.06 but also hit the highest price of $3.74 during that period. The average intraday trading volume for Nano Dimension Ltd. shares is 1.91 million. The stock is currently trading -3.15% below its 20-day simple moving average (SMA20), while that difference is down -4.36% for SMA50 and it goes to -7.13% lower than SMA200.
Anson Funds Management LP acquired 15.6 million shares of Nano Dimension Ltd. having value of about $38.53 million. Data submitted at the U.S SEC by Anson Funds Management LP revealed that the firm now holds 1.62 million shares in the company valued at close to $3933589.23, or have control over 11.58% stake in the company. Nano Dimension Ltd. (NASDAQ: NNDM) currently have 253.21M outstanding shares and institutions hold larger chunk of about 23.90% of that. Holding of mutual funds in the company is about 23.85% while other institutional holders and individual stake holders have control over 6.62% and — of the stake respectively.
The stock has a current market capitalization of $622.78M and its 3Y-monthly beta is at 1.77. It has posted earnings per share of -$0.88 in the same period. It has Quick Ratio of 28.20 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NNDM, volatility over the week remained 2.68% while standing at 3.44% over the month.
Analysts are in expectations that Nano Dimension Ltd. (NNDM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -8.70%.
Analysts at 1 brokerage firms have issued recommendations for the Nano Dimension Ltd. (NNDM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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