Is Nano Dimension (NNDM) A Good Buy Or Sell After The Recent Correction
6:42 am Sunday, July 18th, 2021
Nano Dimension (NASDAQ:NNDM) has emerged as one of the well-known names in the additive manufacturing sector in recent times. However, the Nano Dimension stock has come into focus recently owing to a short squeeze from retail investors who are active on a range of social media websites.
Such short squeezes have led to remarkable rallies in many stocks this year and the fact that Nano Dimension has become a target is a major factor in the interest in the stock these days. That being said, it is necessary to note that most of the stocks which enjoy such rallies eventually correct quite sharply.
The thing that sets Nano Dimension apart from many of the other meme stocks is the fact that it has a sound business and there might actually be fundamental reasons why investors might consider following the stock a bit more closely. The company is a specialist in providing quick prototyping that helps its clients in delivering on deadlines.
At the same time, it helps in saving costs as well. Hence, it is clear to see that there is fundamental relevance when it comes to this particular stock, and a meme stock rally is not the only thing going for it. At this point, the stock is quite cheap and on top of that, it is necessary to remember that the Nano Dimension stock had earlier hit a peak of $17 a share. Hence, there might be many investors who might be interested in the stock at this point in time.
