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The closing price of 908 Devices Inc (NASDAQ: MASS) was $2.62 for the day, up 1.16% from the previous closing price of $2.59. In other words, the price has increased by $1.16 from its previous closing price. On the day, 0.14 million shares were traded. MASS stock price reached its highest trading level at $2.71 during the session, while it also had its lowest trading level at $2.57.
Ratios:
Our analysis of MASS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.54 and its Current Ratio is at 4.24. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Leerink Partners on November 13, 2024, Downgraded its rating to Market Perform and sets its target price to $4 from $12 previously.
On February 07, 2023, Stephens started tracking the stock assigning a Overweight rating and target price of $14.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 13 ’24 when Knopp Kevin J. bought 10,000 shares for $6.42 per share. The transaction valued at 64,200 led to the insider holds 508,981 shares of the business.
Knopp Kevin J. bought 10,000 shares of MASS for $57,700 on May 10 ’24. The President and CEO now owns 498,981 shares after completing the transaction at $5.77 per share. On May 09 ’24, another insider, Knopp Kevin J., who serves as the President and CEO of the company, bought 10,000 shares for $5.83 each. As a result, the insider paid 58,300 and bolstered with 488,981 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MASS now has a Market Capitalization of 91235736 and an Enterprise Value of 26728830. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.485 whereas that against EBITDA is -0.601.
Stock Price History:
Over the past 52 weeks, MASS has reached a high of $12.51, while it has fallen to a 52-week low of $2.19. The 50-Day Moving Average of the stock is -19.66%, while the 200-Day Moving Average is calculated to be -48.46%.
Shares Statistics:
MASS traded an average of 236.25K shares per day over the past three months and 569400 shares per day over the past ten days. A total of 32.52M shares are outstanding, with a floating share count of 25.61M. Insiders hold about 26.45% of the company’s shares, while institutions hold 49.86% stake in the company. Shares short for MASS as of 1731628800 were 1378486 with a Short Ratio of 5.83, compared to 1728950400 on 1370405. Therefore, it implies a Short% of Shares Outstanding of 1378486 and a Short% of Float of 6.280000500000001.
