As has been the case with most of the growth-oriented stocks this year, NNDM has fallen significantly. Due to expectations of rising interest rates and inflation, investors have rotated away from growth into value stocks and got caught in the broader pullback.
Full Answer
What's happened to nndm stock?
The drop is much steeper at 56 percent if we consider the 52-week high it reached in February. As has been the case with most of the growth-oriented stocks this year, NNDM has fallen significantly.
Can nndm turn its cash into profitability?
At the very least it would give NNDM stock a material amount of revenue, and possibly positive earnings. The faster it can turn its cash into a profitable business, the better.
Should you buy Nano Dimension (nndm) stock?
With the uncertainty around its future R&D spending plans, downside risk is debatable when it comes to Nano Dimension. So is upside, given the company is more focused on the long haul at the expense of growing its sales. Until we hear more from the company, such as news of another M&A deal, it’s best to hold off on NNDM stock.
How much money can nndm make in 2019?
Ms. Crowe estimates that in 2019, NNDM will be able to generate $6 million in numbers, a ten-fold increase. She’s done all the math and made her assumptions so that you can see where that number comes from.
What is going on with nano dimension stock?
Nano Dimension (NASDAQ:NNDM) shares surged 11% pre-market after the company announced a one-year share repurchase plan. The plan allows the company to invest up to $100M to repurchase its American Depository Shares (ADSs).
Is Nano Dimension a good investment?
Summary. I expect Nano Dimension's revenue to increase 10-fold between 2020 and 2022. Nano Dimension operates in markets expected to experience an exceptional CAGR between now and 2026.
Will Nano stock go up?
The 1 analysts offering 12-month price forecasts for Nano Dimension Ltd have a median target of 10.00, with a high estimate of 10.00 and a low estimate of 10.00. The median estimate represents a +244.83% increase from the last price of 2.90.
What is Nano Dimension company?
Nano Dimension Ltd. is a 3D printing company. The Company focuses on the research and development of 3D printed electronics that includes a printer for multilayer printed circuit boards, and the development of nanotechnology based inks.
Did Cathie sell NNDM?
Cathie Wood sold shares for 3 days last week. She stopped selling on Friday. Today, NNDM announced they were buying back shares.
Does Ark still hold NNDM?
Institutional investors purchased a net $5.7 million shares of NNDM during the quarter ended March 2019, and now own 22.31% of the total float, a percentage that is typical for companies in the Textiles industry....Nano Dimension Ltd (NASDAQ:NNDM)Mutual fund holders9.86%Individual stakeholders--1 more row
Is NNDM undervalued?
NNDM fair value NNDM ($2.86) is significantly undervalued...
How much will NNDM be worth?
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Nano Dimension net worth as of May 25, 2022 is $0.68B.
Should I buy NNDM Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Nano Dimension a Chinese Company?
Nano Dimension is a 3-D printing technology group based in Israel. The Company is engaged in researching, developing and manufacturing 3D printers and functional Nano-material inks for printing electronics, in particular multi-layer PCBs (circuit boards).
How many employees does Nano Dimension have?
How many employees does Nano Dimension have? Nano Dimension currently has more than 90 full-time employees.
Where is Nano Dimension located?
Starting March 19, 2020, Nano Dimension's U.S. HQ will be located at: 6413 Congress Avenue, Suite 110, Boca Raton, FL 33487. Nano Dimension (Nasdaq, TASE: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME).
Does Nano Dimension have a future?
Nano Dimension's Q4/21 Revenue Indicates Approximately 200% Growth Expected in Full Year 2022 over 2021.
Does Cathie Wood own nano dimension?
Wood has accomplished this by picking market-leading companies that put an emphasis on innovation in their respective industries. Holdings such as Nano Dimension (NNDM 3.10%), Teladoc Health (TDOC 3.33%), and Twitter (TWTR 1.99%) have the potential to boost those returns further.
Should I buy NNDM Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Who will NNDM acquire?
Global Inkjet SystemsNano Dimension (NASDAQ:NNDM) has acquired Cambridge, U.K.-based Global Inkjet Systems (GIS). GIS shareholders received $18.1M in cash as part of the deal. Additionally, Nano Dimension will pay between $1.3M-$10.7M within the next 27 months, if GIS achieves certain financial performance over this period.
What happened
Stocks saw volatile swings again today, but Nano Dimension (NASDAQ: NNDM) still managed to close out the day's session in the green. The 3D-printing specialist's share price closed out Wednesday's trading up roughly 4.8%.
So what
The stock market started this week on a turbulent note, with concerns that Russia could push into Ukrainian territory, adding another negative catalyst amid a litany of macroeconomic risk factors already worrying investors.
Now what
Even with some significant pricing recovery in today's trading session, Nano Dimension stock has slid roughly 79% over the last year.
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The Market of Additively Manufactured Electronics (AME)
There is also another important information on what Nano Dimension does for business.
A Business Plan That Places Importance on Acquisitions
In 2021, Nano Dimension announced two acquisitions to pursue its business goals. The first one was to acquire NanoFabrica Ltd., paying the “shareholders of NanoFabrica a total ranging between $54.9 million to $59.4 million.” About 50% of this would be paid in cash, and the rest in American Depositary Shares (ADS) of Nano Dimension.
The Art of Raising Cash
Collectively, second-quarter 2021 financial results showed some mixed positive and negative information.
NNDM Stock Is Too Pricey Based on Key Metrics
In 2016, Nano Dimension reported a negative free cash flow (FCF) of $7.05 million. And while that figure was significantly worse the next three years, the firm still reported negative FCF of $10.85M for 2020. Additionally, two other figures are notable, too.
Calculating the Cash Per Share for NNDM Stock
For example, on May 10, NNMD indicated on page 2 of an F-3 filing with the SEC that it had 256,489,283 ADSs (American Depository Shares) outstanding. It also said that the ADSs represent ordinary shares on a 1 for 1 basis. This implies that at Wednesday’s closing price of $5.65 per share, NNMD’s market value is $1,449 million (i.e., $1.45 billion).
American vs. Israeli Disclosures
So, you can see why it is so important that Nano Dimension starts to provide exact share counts. In fact, Nano Dimension did not even provide a “diluted” earnings per share number. This is normally required of any American company.
What the Business Is Worth
So, based on 272.04 million shares outstanding, its $1.397 billion cash balance works out to $5.135 in cash per share. That is 90.88% of the $5.65 price at which NNDM stock trades. The difference must be what the market thinks the underlying 3d printing businesses and technology is worth.
What to Do With NNDM Stock
Most investors should just wait for NNDM stock to fall well below (at least 20% below) its cash per share of $5.135. That will give the defensive investor a margin of safety, given the issues with the company’s disclosures, its long-term business value, and its cash burn.
Is NNDM a good investment?
NNDM stock might not be a good long-term investment. While a lot of investors jumped on NNDM stock starting in September 2020 due to 3D printing potential, the company hasn't been able to show much execution. There are better stocks available in the 3D space like Desktop Metal, 3D Systems Corporation, and Materialise NV.
Does NNDM have a dilutive stock?
NNDM continues to raise cash through dilutive stock raises, which isn't going to go down well with investors. NNDM made two acquisitions in only two weeks. One of the acquisitions (DeepCube) has raised many questions about the company’s intentions. The business isn't directly related to NNDM’s current business.
NNDM Stock: Downside Debatable
When I last wrote about Nano Dimension back in July, I made the case why the company’s large cash position minimized its downside potential. It may generate little to no revenue today.
The Timeline May Not Match Your Investing Time Horizon
As InvestorPlace’s Joseph Nograles discussed Aug. 27, accompanying the company’s Q2 results were remarks from Stern that let investors know that revenue growth was not the main focus just yet.
The Verdict: Hold Off Buying for Now
With the uncertainty around its future R&D spending plans, downside risk is debatable when it comes to Nano Dimension. So is upside, given the company is more focused on the long haul at the expense of growing its sales.