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The company suffered a severe setback amid the COVID-19 pandemic as several of its production units had to be closed. Furthermore, the demand for NNDM’s products and services — such as its 3D printing technology for creating electrical devices — also saw a dramatic drop in demand, which led to the stock plummeting over the past couple of months.
Furthermore, with widespread usage of 3D printing technology in the automobile industry to produce prototypes and other functioning parts, the industry is experiencing stiff competition. And given NNDM’s poor fundamental performance and grim near-term prospects, the company is struggling to stay afloat amid rising competition.
