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Why Nano Dimension: NNDM Stock is a Buy at this $5.60 level?

Nano Dimension, ticker symbol NNDM stock has been trading around $5.60 – $6.50 since the past couple of months. The stock trading sideline due to the overall market reaction and some of the Reddit hot stocks beaten down after its pump back in January 2021.

NANO FUNDAMENTAL:

“Nano Dimension (Nasdaq, TASE: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). High-fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. “

NANO GROWTH:

Nano Dimension focuses on 3D printing providing solutions to different industries such as Aerospace, Medical, Automotive, Industrial, Defense and offers massive growth opportunities. Recently, Nano Dimension Announces a Collaboration with Fraunhofer Institute to Develop the Next Generation of 3D Printing Systems. “Under the two-year collaboration plan, Nano Dimension and Fraunhofer IPA will focus on the research and development within the field of autonomous fabrication of electromechanical systems based on 3D freeform printing and the highest precision 3D assembly technologies. The outcomes of this collaboration should benefit Nano Dimension customers given the insights that will be generated and incorporated into what is already uniquely possible with Nano Dimension’s DragonFly® additive manufacturing system.”

There are about 189 total institutions holding Nano Dimension for the long term, including Kathy Wood’s ARK Invest Funds.

Institutional Owners189 total, 170 long, 1 short, 18 long/short

CASH ON HAND: FINANCIAL

“Nano Dimension reported revenues of $811,000 and $1,622,000 for the second quarter and first half of 2021, respectively, compared to revenues of $288,000 and $990,000 for the second quarter and first half of 2020, respectively. The Company ended the quarter with a cash and deposits balance of $1,396,939,000 while a total operating loss for the second quarter was $19,859,000 (including approximately $10,000,000 of non-cash share-based compensation plus depreciation and amortization expenses).

“In April 2021, we purchased two entities, NanoFabrica and DeepCube. Hence, the second quarter of 2021 is the first quarter in which we consolidated the financial results of those two entities in our financial statements,” said Yael Sandler, Chief Financial Officer of Nano Dimension. “We are excited to integrate the activities of those cutting-edge groups into Nano Dimension and looking forward to demonstrating to the market additional results of our M&A efforts,” concluded Ms. Sandler.

SHORTS DATA

Short Interest22,777,991 shares
Short Interest Ratio4.84 Days to Cover
Short Interest % Float8.44%

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