Nano Dimension (NASDAQ:NNDM) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Nano Dimension (NASDAQ:NNDM) posted its quarterly earnings data on Thursday. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04, FiscalAI reports. The company had revenue of $28.96 million during the quarter, compared to analyst estimates of $5.50 million. Nano Dimension had a negative return on equity of 22.07% and a negative net margin of 286.72%.

Nano Dimension Trading Up 0.3%

NASDAQ NNDM traded up $0.01 on Friday, reaching $1.57. 119,211 shares of the company were exchanged, compared to its average volume of 3,042,748. The business’s fifty day moving average price is $1.49 and its 200 day moving average price is $1.68. The stock has a market capitalization of $334.62 million, a P/E ratio of -3.58 and a beta of 1.01. Nano Dimension has a fifty-two week low of $1.19 and a fifty-two week high of $2.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NNDM. Marquette Asset Management LLC acquired a new position in shares of Nano Dimension during the 2nd quarter valued at about $289,000. Pacer Advisors Inc. increased its position in Nano Dimension by 73.7% during the first quarter. Pacer Advisors Inc. now owns 93,397 shares of the technology company’s stock worth $159,000 after purchasing an additional 39,625 shares during the last quarter. Lido Advisors LLC purchased a new position in Nano Dimension during the first quarter worth about $35,000. Caitong International Asset Management Co. Ltd boosted its holdings in Nano Dimension by 1,053.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 45,605 shares of the technology company’s stock valued at $70,000 after purchasing an additional 41,652 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Nano Dimension in the 4th quarter valued at approximately $322,000. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Dimension in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nano Dimension has a consensus rating of “Sell”.

Nano Dimension Company Profile

Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.