908 Devices Inc (NASDAQ: MASS) is 32.27% higher on its value in year-to-date trading and has touched a low of $1.81 and a high of $8.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MASS stock was last observed hovering at around $1.98 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $2.91, the stock is 36.97% and 16.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.11 million and changing 46.97% at the moment leaves the stock -32.92% off its SMA200. MASS registered -62.50% loss for a year compared to 6-month loss of -52.84%. The firm has a 50-day simple moving average (SMA 50) of $2.5027 and a 200-day simple moving average (SMA200) of $4.36125.
The stock witnessed a 37.26% gain in the last 1 month and extending the period to 3 months gives it a -16.14%, and is 36.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.05% over the week and 10.51% over the month.
908 Devices Inc (MASS) has around 230 employees, a market worth around $101.34M and $55.16M in sales. Profit margin for the company is -109.11%. Distance from 52-week low is 60.77% and -65.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.28%).
with sales reaching $17M over the same period.The EPS is expected to shrink by -48.32% this year, but quarterly earnings will post 13.87% year-over-year. Quarterly sales are estimated to grow 18.46% in year-over-year returns.
123.0 institutions hold shares in 908 Devices Inc (MASS), with institutional investors hold 75.98% of the company’s shares. The shares outstanding are 34.71M, and float is at 25.44M with Short Float at 6.48%. Institutions hold 69.75% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 3.94 million shares valued at $20.28 million. The investor’s holdings represent 12.0377 of the MASS Shares outstanding. As of 2024-06-30, the second largest holder is AMERIPRISE FINANCIAL INC with 1.88 million shares valued at $9.7 million to account for 5.7552 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.84 million shares representing 5.6333 and valued at over $9.49 million, while BLACKROCK INC. holds 5.1763 of the shares totaling 1.69 million with a market value of $8.72 million.
908 Devices Inc (MASS) Insider Activity
The most recent transaction is an insider purchase by Knopp Kevin J., the company’s President and CEO. SEC filings show that Knopp Kevin J. bought 10,000 shares of the company’s common stock on May 13 ’24 at a price of $6.42 per share for a total of $64200.0. Following the purchase, the insider now owns 0.51 million shares.
908 Devices Inc disclosed in a document filed with the SEC on May 10 ’24 that Knopp Kevin J. (President and CEO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $5.77 per share for $57700.0. Following the transaction, the insider now directly holds 0.5 million shares of the MASS stock.
Still, SEC filings show that on May 09 ’24, Knopp Kevin J. (President and CEO) acquired 10,000 shares at an average price of $5.83 for $58300.0. The insider now directly holds 488,981 shares of 908 Devices Inc (MASS).
