You Should Know These Things About 908 Devices Inc. (MASS)

As of Thursday close, 908 Devices Inc.’s (NASDAQ:MASS) stock was up $0.69, moving up 5.10 percent to $14.23. The average number of shares traded per day over the past five days has been 503,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.32 fall in that time frame. In the last twenty days, the average volume was 301,460, while in the previous 50 days, it was 305,500.

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Since last month, MASS stock retreated -26.80%. Shares of the company fell to $12.67 on 05/12/22, the lowest level in the past month. A 52-week high of $45.09 was reached on 01/03/22 after having rallying from a 52-week low of $12.60. Since the beginning of this year, MASS’s stock price has dropped by -44.99% or -$11.64, and marked a new high 1 time. However, the stock has declined by -68.44% since its 52-week high.

908 Devices Inc. (MASS) last reported insider trading activity 31 days ago on Apr 12. Brown Christopher D., the Chief Technology Officer of the company, disposed of 9,829 shares for $20.06 on Apr 12. It resulted in a $197,170 divestment by the insider. Kenneweg John sold 9,880 shares at an average price of $20.07 on Apr 12. The insider now owns 0 shares following the transaction. On Apr 12, VP, Corporate Development Basarsky Trent A. sold 15,000 shares at $19.74 apiece. The transaction was valued at $296,040.

Financial Health

In the three months ended September 29, 908 Devices Inc.’s quick ratio stood at 16.50, while its current ratio was 17.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.07, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 55.00% percent. In the year ended September 29, operating margins totaled -52.50%. Based on annual data, MASS earned $23.23 million in gross profit and brought in $42.21 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -9.60%. Return on equity (ROE) for the past 12 months was -14.80%.

In 908 Devices Inc.’s quarter-end financial report for September 29, it reported total debt of $15.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MASS’s revenue rose 33.33% to $15.84 million during the quarter, while net income inched up to $8.31 million. While analysts expected 908 Devices Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by -26.70%. During the quarter, the company generated -$9.25 million in EBITDA. The liabilities of 908 Devices Inc. were 44.42 million at the end of its most recent quarter ended September 29, and its total debt was $21.17 million. The value of shareholders’ equity is $31.41 million.

Technical Picture

This quick technical analysis looks at 908 Devices Inc.’s (MASS) price momentum. With a historical volatility rate of 178.96%, the RSI 9-day stood at 36.47% on 12 May.

With respect to its five-day moving average, the current 908 Devices Inc. price is down by -23.29% percent or -$4.32. At present, MASS shares trade -24.47% below its 20-day simple moving average and -45.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.16% below its SMA50 and -54.48% below its SMA200.

Stochastic coefficient K was 26.51% and Stochastic coefficient D was 27.27%, while ATR was 2.00. Given the Stochastic reading of 21.57% for the 14-day period, the RSI (14) reading has been calculated as 38.57%. As of today, the MACD Oscillator reading stands at -1.87, while the 14-day reading stands at -1.86.

Analyst Ratings

908 Devices Inc. (MASS) has been rated Buy by analysts. According to 0 brokerage firms, MASS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate 908 Devices Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $26.50, the current consensus forecast for the stock is $23.00 – $30.00. Based on these forecasts, analysts predict 908 Devices Inc. (MASS) will achieve an average price target of $26.50.


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