Notable News to Watch: Nano Dimension Ltd. (NNDM)

  Nano Dimension Ltd. (NNDM) stock observed trading -83.98% off 52-week high price. On the other end, the stock has been noted 6.41% away from low price over the last 52-weeks. The stock disclosed a move of -25.72% away from 50 day moving average and -62.35% away from 200 day moving average. Moving closer, we can see that shares have been trading -13.32% off 20-day moving average. It has market cap of $5.15M .

Nano Dimension Ltd., a leading for electronics (NASDAQ, TASE: NNDM), reported selected preliminary unaudited estimates of financial results for the second quarter and first half of 2019.

First Half and Second Quarter 2019 Preliminary Estimates of Financial Results

The anticipated results presented in this release are based on preliminary financial data and are subject to change until the period-end financial reporting and review process is complete.

In the first half of 2019, the company sold 13 DragonFly systems, five systems of which were sold in the second quarter of 2019. This brings the system sales to 43 systems in total worldwide to date.

Revenues for the second quarter of 2019 are expected to be within a range of $1 million to $1.2 million, which is below management’s expectation.

The company estimates total revenues between $2.7 million to $2.9 million for the first half of 2019, compared to $1.7 million in the first half of 2018.

The company ended the second quarter of 2019 with approximately $5.2 million in cash on its balance sheet, mainly as a result of an increase in inventory.         

“We are disappointed with the results we presented in the first half of 2019. The company has taken several actions to change that. I believe that in the second half of 2019 we will present better results,” said Amit Dror, CEO of Nano Dimension.

 The Israel based company Nano Dimension Ltd. moved with change of 1.19% to $0.41 with the total traded volume of 133124 shares in recent session versus to an average volume of 132.51K. The stock was observed in the 5 days activity at -14.08%. The one month performance of stock was -8.39%. NNDM’s shares are at -46.10% for the quarter and driving a -78.50% return over the course of the past year and is now at -62.61% since this point in 2018.  The average volatility for the week and month was at 8.30% and 9.12% respectively. There are 12.41M shares outstanding .

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