NNDM Stock Update - SpaceX Connection? Why ARK Invest Bought This Penny Stock? Nano Dimension stock

This is an update about NNDM stock (Nano Dimension stock). ARK invest bought some shares of NNDM stock recently. There could be a SpaceX connection to this company in the future, as the company seems to be making moves in the Space Industry.


So a couple weeks ago I made a video on Nano Dimension stock, ticker symbol NNDM, on NASDAQ. I spoke about how ARK invest was buying this stock, and that the stock was up about 87% in a short period of time. Well, since I posted that video, NNDM stock is up almost another 87%, so I thought I will make an update video about this stock, and provide some analysis about Nano Dimension as a company, and why I think ARK invest may have bought this stock. I also found something about Nano Dimension regarding how it could be trying to make some moves in the space industry.


If we look at ARK invest, now why I personally watch what ARK invest is doing is simply because they have some of the best performing ETF’s out there. They currently have 5 actively managed ETF’s, ARKK, which is up about 104% YTD, ARKQ, which is up about 67% YTD, ARKW, which is up about 103% YTD, ARKG, which is up about 119% YTD, and ARKF, which is up about 74% YTD. Now compare that with the S and P 500, which is only up about 7% YTD, we can clearly see that ARK invest has been able to beat the S and P 500 by a huge margin, with each and every one of their actively managed ETF’s.


So for NNDM stock, ARK invest has this stock in their ARKQ ETF, which is their autonomous technology and robotics ETF. They currently hold about 472,946 shares of NNDM in this ETF, as of 15th October 2020, at a current market value of about 2.1 million $. Now one thing to note is that ARKQ ETF currently holds stocks of 40 different companies, and NNDM stock is only about 0.27 wt% of ARKQ and occupies 39th place out of the 40 stocks. So basically, it’s a very small portion of the ETF.


So Nano Dimension was founded in 2012 in Israel, and it’s currently headquartered in Israel as well. It’s business focus seems to be in the application of 3D printing in the electronics industry. And if you are familiar with ARK Invest, you probably already know that they focus on investing in disruptive innovation. So apparently 3D printing, when applied in industries like aerospace, can help companies not only to cut costs, but also reduce weight and form factors of several parts. Now aerospace is one of the industries which Nano Dimension says it is targeting, the other industries it is currently targeting include research institutes, defence, medical, automotive and industrial.



We know that SpaceX is trying to make space travel affordable with colonization of Mars as one of it’s goals. I personally think Nano Dimensions products sound like they can make a meaningful impact in this effort, as I think they could potentially reduce costs for companies like SpaceX and Blue Origin, with the advantages they are bringing to the table. Now this is my personal analysis, based on what I know about the space industry, and based on what I have been seeing about Nano Dimension during my research. And I think, overall that’s a very exciting prospect, both for Nano Dimension and the Space Industry.


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DISCLOSURE:
I do not own any shares of NNDM at the time of publishing this video.



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