How Will the Market React to Nano Dimension Ltd - ADR (NNDM) Stock Getting a Bullish Rating

Nano Dimension Ltd - ADR (NNDM) stock is higher by 4.49% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Nano Dimension Ltd - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NNDM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NNDM Stock Today?

Nano Dimension Ltd - ADR (NNDM) stock is up 2.11% while the S&P 500 is down -0.62% as of 1:30 PM on Friday, Oct 20. NNDM has risen $0.06 from the previous closing price of $2.73 on volume of 1,420,511 shares. Over the past year the S&P 500 is higher by 15.06% while NNDM has risen 18.22%. NNDM lost -$0.55 per share in the over the last 12 months. To screen for more stocks like Nano Dimension Ltd - ADR click here.

More About Nano Dimension Ltd - ADR

Nano Dimension Ltd is engaged in research and development of a three-dimensional printer that prints electronic circuit boards, also known as printed circuit boards, and ink materials and products based on nanotechnology. Its products consist of two main product lines - Dragonfly 2020 3D printer and proprietary ink products. The company's Dragonfly 2020 3D printer currently in development uses proprietary ink and integrated software to quickly create fully functioning PCB prototypes. Geographically, it generates maximum revenue from the USA followed by the Asia Pacific and Europe and Israel. It serves the Commercial, Research and Printing services industries. Click Here to get the full Stock Report for Nano Dimension Ltd - ADR stock.