The trading price of 908 Devices Inc (NASDAQ:MASS) closed higher on Friday, January 17, and closing at $2.98, 2.76% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.71 and $3.05. In examining the 52-week price action we see that the stock hit a 52-week high of $8.50 and a 52-week low of $1.81. Over the past month, the stock has gained 38.60% in value.
908 Devices Inc, whose market valuation is $103.77 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.37 per share this quarter, however they have predicted annual earnings per share of -1.36 for current year and -1.28 for next year.
Analysts have forecast the company to bring in revenue of 17M for the current quarter, with the likely lows of 17M and highs of 17M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 57.2M.
On the technical side, indicators suggest MASS has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MASS a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged 908 Devices Inc (MASS) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that MASS’s price is currently 34.87% off the SMA20 and 20.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.85, and weekly volatility stands at 16.17%. When measured over the past 30 days, the indicator reaches 11.16%. 908 Devices Inc (NASDAQ:MASS)’s beta value is currently sitting at 0.95, while the Average True Range indicator is currently displaying 0.29.
To see how 908 Devices Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MASS stock’s performance was 2.76% in the latest trading, and -60.84% in the past year.
An evaluation of the daily trading volume of 908 Devices Inc (NASDAQ:MASS) indicates that the 3-month average is 561.18K. However, this figure has increased over the past 10 days to an average of 1.85.
Currently, records show that 34.71 million of the company’s shares remain outstanding. The insiders hold 26.94% of outstanding shares, whereas institutions hold 49.94%. The stats also highlight that short interest as of 2024-12-31, stood at 1.65 million shares, resulting in a short ratio of 4.42 at that time. From this, we can conclude that short interest is 751.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 1.38 million. However, since the stock’s price has seen 35.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
