3D printing is tomorrow’s technological future. The technology is new and creates an itch in the minds of investors, consumers, and the government. The new wave of 3D printers can fabricate anything from keyboards to human body parts. It seems the possible creations are limitless. Making it fair to say that 3D printing is and will change the world. Thus, when a company makes a 3D printing breakthrough, you would expect nothing less than a tsunami of buyers to flood the market.
Leading us to the company today, which is Nano Dimension (NASDAQ: NNDM).
Article Outline 1. What caused Nano to skyrocket 300% today? 2. NNDM's achievements so far. 3. Should investors consider NNDM?
Why did Nano Dimensions soar by 300+% today?
Today, Nano Dimension, in alliance with German company Hensoldt announced a 3D printing breakthrough. NNDM developed an innovative 3D ink that allowed Hensoldt to craft the world’s first 10 layer printed circuit board (PCB). That feels like a technological mouthful, so let us break it down.
In a nutshell, a PCB is made of layers and contains multiple copper wires. Electrical components like microchips, resistors, and connectors are mounted onto the PCB to form what is known as a motherboard.
A printed circuit board with fewer layers is more restrictive. Because the circuit cannot make use of additional area. Hence, a 10-layer circuit board is groundbreaking and allows the circuits to use available areas efficiently.
“To have high-density components quickly available with reduced effort by means of 3D printing gives us a competitive edge in the development process of such high-end electronic systems” – Thomas Muller Hensoldt CEO
Ultimately, Nano and Hensoldt changed the entire game today. If you wish to understand PCB’s further, then this digestible video should help. (first 2 minutes)
NNDM’s 3D printing development saw every man and his dog jump on the stock. Ultimately, triggering the share price to skyrocket by 300+%. The fact that 103.6 million shares of NNDM were traded today exemplifies the buying frenzy. NNDM became the highest traded stock on the NASDAQ today.
Is NNDM worth the investment?
Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.
Today’s rise does not symbolise value investors cementing their position early. Instead, the explosion represents day and swing traders looking to make a quick buck off the 3D printing announcement. Thus, we should see a sell-off in the coming days just like YIG predicted after SRNE’s 250%, and Moderna’s 30% rise this week. (opinion not advice) Also, NNDM is up 55% in after-hours. Meaning, FOMO infiltrated the minds of investors and persuaded them to invest with the hope of making money tomorrow.
Trading is about timing. It seems for most investors, the NNDM train left the station today. I would wait for the sell-off and over the next few days, research the company, and set an entry point. (opinion not advice) Because you do not know when Nano will reach its apex. Thus, the last thing you want is to be on top of the NNDM mountain with all these illiquid shares.
Nonetheless, many eyeballs will be on NNDM tomorrow. Providing investors with a clear picture of underlying consumer sentiment.
If you aren’t already subscribed to us, you can subscribe for free via email below and get updates when we post new articles and stock market news. From all of us at YIG, thank you for the support.
The information above should not be taken as financial advice. Youth Investment Group has no liability for personal financial interests or investment decisions. You should make your own investment decisions based upon your own research and what you believe is best for you.
Here is our free, uncomplicated, and extensive ASX portfolio
Want access to free, uncomplicated, and smart COVID-19 Strategies then click below?
Written by Patrick Mcloughlin, Senior Manager of YIG.