908 Devices Stock Price on May 14, 2024
| MASS Stock | USD 6.64 0.16 2.47% |
If you're considering investing in 908 Stock, it is important to understand the factors that can impact its price. As of today, the current price of 908 Devices stands at 6.64, as last reported on the 29th of May, with the highest price reaching 6.72 and the lowest price hitting 6.42 during the day. 908 Devices retains Efficiency (Sharpe Ratio) of -0.0232, which signifies that the company had a -0.0232% return per unit of price deviation over the last 3 months. 908 Devices exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 908 Devices' Market Risk Adjusted Performance of 0.0013, variance of 15.17, and Information Ratio of (0.01) to double-check the risk estimate we provide.
At this time, 908 Devices' Stock Based Compensation is comparatively stable compared to the past year. Stock Based Compensation To Revenue is likely to gain to 0.20 in 2024, whereas Total Stockholder Equity is likely to drop slightly above 109.3 M in 2024. . At this time, 908 Devices' Price Book Value Ratio is comparatively stable compared to the past year. Price To Book Ratio is likely to gain to 2.30 in 2024, whereas Price Earnings Ratio is likely to drop (10.43) in 2024. 908 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
908 |
Sharpe Ratio = -0.0232
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| Negative Returns | MASS |
Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 908 Devices is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 908 Devices by adding 908 Devices to a well-diversified portfolio.
Price Book 1.2071 | Enterprise Value Ebitda (1.76) | Price Sales 3.977 | Shares Float 26.2 M | Wall Street Target Price 15.33 |
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The
908 Devices Valuation on May 14, 2024
It is possible to determine the worth of 908 Devices on a given historical date. On May 14, 2024 908 was worth 6.71 at the beginning of the trading date compared to the closed value of 7.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 908 Devices stock. Still, in general, we apply an absolute valuation method to find 908 Devices' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 908 Devices where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 908 Devices' related companies.
| Open | High | Low | Close | Volume | |
| 5.81 | 6.71 | 5.81 | 6.56 | 1,634,899 | |
05/14/2024 | 6.71 | 7.48 | 6.68 | 7.15 | 573,971 |
| 7.29 | 7.39 | 6.94 | 7.24 | 303,884 |
| Backtest 908 Devices | | | 908 Devices History | | | 908 Devices Valuation | Previous | Next |
908 Devices Trading Date Momentum on May 14, 2024
| On May 15 2024 908 Devices was traded for 7.24 at the closing time. The top price for the day was 7.39 and the lowest listed price was 6.94 . The trading volume for the day was 303.9 K. The trading history from May 15, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 1.26% . The daily price change against the current closing price is 7.41% . |
908 Devices Fundamentals Correlations and Trends
By evaluating 908 Devices' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 908 Devices' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 908 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 908 Devices Stock history
908 Devices investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 908 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 908 Devices will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 908 Devices stock prices may prove useful in developing a viable investing in 908 Devices
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 32.2 M | 30.1 M | |
| Net Loss | -30.2 M | -28.7 M |
908 Devices Quarterly Net Working Capital |
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908 Devices Stock Technical Analysis
908 Devices technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
908 Devices Period Price Range
Low | May 14, 2024
| High |
6.71 | 7.15 |
908 Devices May 29, 2024 Market Strength
Market strength indicators help investors to evaluate how 908 Devices stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 908 Devices shares will generate the highest return on investment. By undertsting and applying 908 Devices stock market strength indicators, traders can identify 908 Devices entry and exit signals to maximize returns
908 Devices Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 908 Devices' price direction in advance. Along with the technical and fundamental analysis of 908 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 908 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.01) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for 908 Stock analysis
When running 908 Devices' price analysis, check to measure 908 Devices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.
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Is 908 Devices' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 908 Devices. If investors know 908 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 908 Devices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.07) | Revenue Per Share 1.565 | Quarterly Revenue Growth 0.053 | Return On Assets (0.13) | Return On Equity (0.21) |
The market value of 908 Devices is measured differently than its book value, which is the value of 908 that is recorded on the company's balance sheet. Investors also form their own opinion of 908 Devices' value that differs from its market value or its book value, called intrinsic value, which is 908 Devices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 908 Devices' market value can be influenced by many factors that don't directly affect 908 Devices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 908 Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if 908 Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 908 Devices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.