NNDM Stock Price: Nano Dimension Ltd pauses for breath after recent rally


  • NASDAQ:NNDM is up nearly 60% for 2021. 
  • ARK Invest had earlier pushed the shares higher on Monday.
  • Nano Dimension up over 500% for the last 12 months!

Update: Nano Dimension (NNDM) shares paused for breath on Wednesday. Understandably given the run NNDM has been on and given the broader weakness, with most stock market indices down. Technical support at $13.96 is the 23.2% Fibonacci retracement of the move in the NNDM. The RSI has yet to match the new highs in the NNDM. This is usually a bearish sign, but given the size and speed of the move, it is not unusual as RSI is a lagging indicator. 

NNDM

 

NASDAQ:NNDM has been a stock on a mission this year as investors have piled into the 3D printing technology firm. So far in 2021, shares have climbed by 84% despite the fact that the company has done multiple new share offerings over the past few quarters. On Monday, Nano Dimension gained a further 15.77% hitting a new all-time high of $17.85 before settling back down to $16.66 before the closing bell. Nano Dimension has now returned over 500% to investors over the past 52-weeks, and all of a sudden, the company has a market cap of nearly $3 billion. 

One of the most revered investment firms on Wall Street, Ark Invest, doubled down on their faith in Nano Dimension by adding another 300,000 shares to its ARKQ fund which is for companies who are in the autonomous technology and robotics space. A further 30,000 shares were added to ARKW, which is the ETF that covers the next-generation internet companies. Both are highly thought of by both institutional and retail investors alike, and receiving the thumbs-up from Ark Invest is a sure way to get on the radar of investors everywhere. 

NNDM stock forecast

NNDM stock price chart

Nano Dimension also announced that Dr. Eli David, a world-renowned artificial intelligence and deep learning expert is joining the company’s Board of Directors, as it looks to strengthen its leadership team. Dr. David’s impressive artificial intelligence portfolio includes being a co-founder of Deep Instinct, which is used for cybersecurity. Nano Dimension also proposed a further share offering slated for the middle of February, which could potentially offer another 18 million shares for investors. While share dilution is never popular amongst investors, capital raising generally benefits the company in the long-run. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!
   

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD rises above 1.2150 amid upbeat German data

EUR/USD has been rising above 1.2150 after the German ZEW Economic Sentiment gauge beat expectations with 84.4 points. Earlier, concerns about inflation boosted the dollar. 

EUR/USD News

GBP/USD trades off the highs amid risk-off mood, ahead of Bailey

GBP/USD is trading above 1.41 but off the fresh highs. The safe-haven dollar is gaining ground amid fears of inflation. UK PM Johnson's announcement of additional easing of restrictions boosted the pound on Monday. BOE Governor Andrew Bailey is set to speak later on.

GBP/USD News

200-DMA might cap XAU/USD ahead of US CPI on Wednesday

Gold refreshed multi-month tops on Monday, albeit lacked any strong follow-through buying. A modest USD rebound held bulls from placing fresh bets and kept a lid on any further gains.

Gold News

SHIB price skyrockets as Binance Lists Dogecoin rival Shiba Inu

“DOGE killer” Shiba Inu coin has reached a new all-time high as it rides on bullish momentum from recent crypto exchange listings. SHIB price has climbed by over 2,260% in the past week, as many investors missed out on the Dogecoin pump.

More Crypto News

Nasdaq (NDX QQQ) Technical view, key chart levels, Nasdaq tests trendline support

The Nasdaq is trading nicely from resistance to support. Friday's rally stalled at the convergence of the 9 and 21-day resistance. Monday sees the resistance work well and so the Nasdaq sells off and currently finds support at the lower trendline seen in the chart below.

Read more

Forex MAJORS

Cryptocurrencies

Signatures