908 Devices Inc (NASDAQ: MASS) is 96.36% higher on its value in year-to-date trading and has touched a low of $1.81 and a high of $7.56 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 $4.46 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $4.32, the stock is 49.40% and 64.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing -3.14% at the moment leaves the stock 17.63% off its SMA200. MASS registered -35.14% loss for a year compared to 6-month loss of 23.08%. The firm has a 50-day simple moving average (SMA 50) of $2.6259 and a 200-day simple moving average (SMA200) of $3.67255.
The stock witnessed a 77.78% gain in the last 1 month and extending the period to 3 months gives it a 82.28%, and is 43.52% 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 18.89% over the week and 16.36% over the month.
908 Devices Inc (MASS) has around 246 employees, a market worth around $152.62M and $59.63M in sales. Profit margin for the company is -121.09%. Distance from 52-week low is 138.67% and -42.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.51%).
The EPS is expected to grow by 64.27% this year
114.0 institutions hold shares in 908 Devices Inc (MASS), with institutional investors hold 69.17% of the company’s shares. The shares outstanding are 35.10M, and float is at 25.74M with Short Float at 8.76%. Institutions hold 63.57% 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 sale by Griffith Joseph H. IV, the company’s Chief Financial Officer. SEC filings show that Griffith Joseph H. IV sold 10,236 shares of the company’s common stock on Feb 03 ’25 at a price of $2.34 per share for a total of $23985.0. Following the sale, the insider now owns 0.11 million shares.
908 Devices Inc disclosed in a document filed with the SEC on Feb 03 ’25 that Turner Michael S. (Chief Legal & Admin Officer) sold a total of 9,672 shares of the company’s common stock. The trade occurred on Feb 03 ’25 and was made at $2.33 per share for $22499.0. Following the transaction, the insider now directly holds 24603.0 shares of the MASS stock.
Still, SEC filings show that on Feb 03 ’25, Knopp Kevin J. (President and CEO) disposed off 16,001 shares at an average price of $2.32 for $37109.0. The insider now directly holds 692,733 shares of 908 Devices Inc (MASS).
