908 Devices Inc (NASDAQ: MASS) on Friday, soared 6.19% from the previous trading day, before settling in for the closing price of $1.94. Within the past 52 weeks, MASS’s price has moved between $1.82 and $12.51.
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Annual sales at Healthcare sector company grew by 21.26% over the past five years. The company achieved an average annual earnings per share of -48.32%. With a float of $25.50 million, this company’s outstanding shares have now reached $34.71 million.
Let’s look at the performance matrix of the company that is accounted for 230 employees. In terms of profitability, gross margin is 48.26%, operating margin of -119.93%, and the pretax margin is -109.5%.
908 Devices Inc (MASS) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of 908 Devices Inc is 26.78%, while institutional ownership is 49.92%. The most recent insider transaction that took place on May 13 ’24, was worth 64,200. In this transaction President and CEO of this company bought 10,000 shares at a rate of $6.42, taking the stock ownership to the 508,981 shares. Before that another transaction happened on May 10 ’24, when Company’s President and CEO bought 10,000 for $5.77, making the entire transaction worth $57,700. This insider now owns 498,981 shares in total.
908 Devices Inc (MASS) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -48.32% per share during the next fiscal year.
908 Devices Inc (NASDAQ: MASS) Trading Performance Indicators
908 Devices Inc (MASS) is currently performing well based on its current performance indicators. A quick ratio of 3.54 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.78, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -1.26 in one year’s time.
Technical Analysis of 908 Devices Inc (MASS)
908 Devices Inc (NASDAQ: MASS) saw its 5-day average volume 0.32 million, a positive change from its year-to-date volume of 0.21 million. As of the previous 9 days, the stock’s Stochastic %D was 21.41%. Additionally, its Average True Range was 0.20.
During the past 100 days, 908 Devices Inc’s (MASS) raw stochastic average was set at 5.97%, which indicates a significant decrease from 23.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.39% in the past 14 days, which was lower than the 77.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.87, while its 200-day Moving Average is $4.69. Nevertheless, the first resistance level for the watch stands at $2.12 in the near term. At $2.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.28. If the price goes on to break the first support level at $1.95, it is likely to go to the next support level at $1.84. The third support level lies at $1.79 if the price breaches the second support level.
908 Devices Inc (NASDAQ: MASS) Key Stats
Market capitalization of the company is 76.18 million based on 34,823K outstanding shares. Right now, sales total 50,230 K and income totals -36,400 K. The company made 16,770 K in profit during its latest quarter, and -29,300 K in sales during its previous quarter.
