Nano Dimension Ltd (NASDAQ:NNDM) Stock Continues to Recover: Gains 13% In a Week

This morning, the Nano Dimension Ltd  (NASDAQ: NNDM) stock could well be the one to watch closely considering the fact that it was one of the significant movers yesterday and ended the day with gains 9%. In fact, the rally in the stock that was seen yesterday took the gains over the past week to as much as 13%.

Trading Data

On Monday, NNDM stock surged 8.90%% to $3.67 with more than 8.65 million shares, compared to its average volume of 7.06 million shares. The stock has moved within a range of $3.4599 – 3.7300 after opening trade at $3.49.

Earnings Review

The company came into focus yesterday after it announced a preview of if fourth quarter financial results for the quarter that had ended on December 31 last year. In addition to that, the company also announced the preview for the full year that ended on the same date.

Nano Dimension announced that its unaudited revenues for the fourth quarter stood at $7 million and for the full year, it came in at $10 million. The company also announced that the cash and deposits at the end of December 31, 2021 came in at $1,355,000,000. It should be noted that those figures are unaudited. It seems that investors were quite happy with the announcement and that was reflected in the price action in the Nano Dimensions share. It now remains to be seen if the stock can maintain its momentum.

Technical Data

NNDM stock is below the 20-Day and 50-Day Moving averages of $3.80 and $4.04 respectively. Moreover, the stock is trading below the 200-Day moving average of $5.90.