Is Nano Dimension Ltd. (NNDM) a Sell? The Stock Reaches 52 Week Low Today

April 17, 2018 - By Migdalia James

Nano Dimension Ltd. (NASDAQ:NNDM) Logo

The stock of Nano Dimension Ltd. (NASDAQ:NNDM) hit a new 52-week low and has $1.49 target or 6.00 % below today’s $1.59 share price. The 8 months bearish chart indicates high risk for the $32.30M company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $1.49 price target is reached, the company will be worth $1.94M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.21% or $0.07 during the last trading session, reaching $1.59. About 14,364 shares traded. Nano Dimension Ltd. (NASDAQ:NNDM) has declined 72.17% since April 17, 2017 and is downtrending. It has underperformed by 83.72% the S&P500.

Nano Dimension Ltd., through its subsidiary, Nano Dimension Technologies Ltd., develops three-dimensional printed circuit board printers. The company has market cap of $32.30 million. The companyÂ’s 3D printers are used for printing multi-layer circuit boards. It currently has negative earnings. It also develops nano ink materials and dielectric ink.

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