The stock of the tech company Nano Dimension Ltd (NASDAQ: NNDM) has been in the middle of a downward spiral for the better part of the past two months. The stock has declined by more than 60% during the period and this morning the selloff continued.
The Nano stock has already declined by 8.50% so far this morning and it is not hard to see why the stock is performing poorly. The company may have managed to turn around its cash situation considerably, having boosted its cash pile to $1.5 billion from only $3.75 million at the end of 2019.
Consequently, the market cap has also gone up from only $10 million to more than $2 billion. The change in the situation has been dramatic but at the same time, it is also necessary to point out that the company has also issued a large number of shares of its common stock at the same time. Experts believe that it might be a better idea to be on the sidelines with regards to Nano Dimension at this point.
Finance and Tech Contributor