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NNDM
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
578.36M

NNDM Nano Dimension Ltd Forecast, Technical & Fundamental Analysis

a company which is researching, developing and manufacturing printing electronics

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NNDM with price predictions
07:00 PM EST Nov 27, 2023

NNDM in downward trend: price dove below 50-day moving average on October 25, 2023

NNDM moved below its 50-day moving average on October 25, 2023 date and that indicates a change from an upward trend to a downward trend. In of 34 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NNDM as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NNDM turned negative on November 28, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for NNDM moved below the 200-day moving average on November 06, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NNDM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NNDM entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NNDM advanced for three days, in of 226 cases, the price rose further within the following month. The odds of a continued upward trend are .

NNDM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.543) is normal, around the industry mean (4.476). P/E Ratio (0.000) is within average values for comparable stocks, (60.544). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (57.099). NNDM's Dividend Yield (0.000) is considerably lower than the industry average of (0.036). P/S Ratio (11.136) is also within normal values, averaging (9.798).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. NNDM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NNDM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 5.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was 1%. For the same Industry, the average monthly price growth was 13%, and the average quarterly price growth was 1%. QUBT experienced the highest price growth at 23%, while SGE experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -3%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was -56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 63
Price Growth Rating: 53
SMR Rating: 72
Profit Risk Rating: 85
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a company which is researching, developing and manufacturing printing electronics

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Textiles
Address
2 Ilan Ramon Street
Phone
+972 737509142
Employees
563
Web
https://www.nano-di.com
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NNDM and

Correlation & Price change

A.I.dvisor tells us that NNDM and DDD have been poorly correlated (+32% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that NNDM and DDD's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NNDM
1D Price
Change %
NNDM100%
-4.07%
DDD - NNDM
32%
Poorly correlated
+1.13%
WDC - NNDM
29%
Poorly correlated
-0.68%
CRSR - NNDM
26%
Poorly correlated
-1.42%
SSYS - NNDM
26%
Poorly correlated
-1.75%
DM - NNDM
25%
Poorly correlated
-8.46%
More

Groups containing NNDM

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NNDM
1D Price
Change %
NNDM100%
-4.07%
middle east
(undefined stocks)
35%
Loosely correlated
+0.63%
3d printing
(undefined stocks)
34%
Loosely correlated
+0.80%
textile
(undefined stocks)
30%
Poorly correlated
-0.98%
print
(undefined stocks)
27%
Poorly correlated
-0.01%
Computer Peripherals
(undefined stocks)
0%
Poorly correlated
+1.05%