$NNDM $17 Direct Offerings Play

2021年2月24日

Nano Dimension is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME), where its machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components to function at an unprecedented performance. ARKQ and ARKW also holds NNDM in their portfolio, for a 2.17% and 0.80% weight respectively. This put NNDM in a respectable 18th largest holding in ARKQ and a 53rd minority holding in ARKW as of 02/23/2021.

I believe at the current price that NNDM is trading at, the share is a steal. NNDM has a history of registering for multiple direct offerings - Nov 29 to Dec 2 @ $5.00, Dec 6 to Dec 9 @ $6.00, Dec 27 to Dec 30 @ $7.50, Jan 13 to Jan 19 @ $9.50, and Feb 15 to Feb 18 @ $12.80. Throughout the last 5 offerings, this is the first time that the price of NNDM has dropped below the price offered at the direct offering after the closure of it. This can be attributed to the overall corrective nature of the market over the last 5 to 6 days. I view this as a great buying opportunity for us retail investors and traders as I believe that any price below the last direct offering price of $12.80 is an absolute steal.

I foresee NNDM recovering very quickly back above $12.80 once the market pullback is over and the FUD goes away. It will resume trading within the bullish channel and subsequently re-test the $17.89 highs.

My target is $17.00. Please set SL based on your own risk tolerance.

This is not investment advice so please do your own due diligence!
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