Could Nano Dimension Stock Print New Millionaire Investors in 2024?
3D printing and additive manufacturing (AM) hold a lot of promise. However, though they're a fast-growing part of the digital revolution happening in the manufacturing world, many 3D printing and AM stocks have failed to live up to the hype over the last decade.
Nano Dimension (NASDAQ: NNDM) is one such stock. It has fallen precipitously since its 2016 IPO, including a 70% decline over the last three years. 2023 was another wild year, with Nano Dimension stock not participating in a recent 3D printing stock rally at the end of the year (Ark Invest's The 3D Printing ETF rebounded over 30% from the end of October to the end of 2023).
Much of this is due to the company's ongoing battle with Stratasys (NASDAQ: SSYS), which it is trying to acquire. But could 2024 be the year that Nano Dimension takes off and prints new millionaire investors?
Source Fool.com
