Nano Dimension (NNDM) Moves Back To Recent Lows: Will It Find The Bottom?

There are certain stocks that are traded quite heavily by day traders and one of those stocks at this point is that of Nano Dimension Ltd (NASDAQ: NNDM).

Nano Dimension is involved in the 3D printing space and back in January this year, it had hit $17.89 a share, its highest level in 52 weeks. However, the stock soon started sliding from that level and has tanked by as low as 55% since. Despite the fall in the stock, it is still important for investors to figure out if it could be a buying opportunity. In this regard, it is important to point out that the 3D printing industry is expected to grow strongly.

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Estimates suggest that the size of the 3D printing products and services could eventually go past $40 billion by 2024. Hence, it could be said that Nano Dimension is involved in an industry with considerable growth potential. Despite its recent fall it might still be worthwhile to keep an eye on the stock.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.