Top 5 Multibagger Penny Stocks to Buy in 2022

3. Nano Dimension Ltd. (NASDAQ:NNDM)

Number of Hedge Fund Holders: 10

Nano Dimension Ltd. (NASDAQ:NNDM) is a Waltham, Massachusetts-based company involved in the 3D printing of electronics and additively manufactured electronics (AME).

Nano Dimension Ltd. (NASDAQ:NNDM) has a share repurchase program of up to $100 million in place. Nano Dimension’s hardware printers have the highest contribution to the company’s overall sales as of Q1 2022. The company recorded a revenue of $10.43 million during the first quarter, reflecting a YoY increase of 1186.07%. Furthermore, Nano Dimension Ltd.’s (NASDAQ:NNDM) net profit margin rose by 72.37% YoY during Q1.

Cathy Wood’s Ark Investment Management is the biggest hedge fund holder of Nano Dimension Ltd. (NASDAQ:NNDM) stock, with over 16.32 million shares. Nano Dimension Ltd. (NASDAQ:NNDM) stock has been a part of the hedge fund’s portfolio since Q3 2019. The total holding as of Q1 2022 is at the fifth highest level in the history of the hedge fund.