908 Devices Stock Fundamentals
| MASS Stock | USD 6.85 0.03 0.44% |
908 Devices fundamentals help investors to digest information that contributes to 908 Devices' financial success or failures. It also enables traders to predict the movement of 908 Stock. The fundamental analysis module provides a way to measure 908 Devices' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 908 Devices stock.
At this time, 908 Devices' Net Interest Income is comparatively stable compared to the past year. Depreciation And Amortization is likely to gain to about 2.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 28.5 M in 2024. 908 | Select Account or Indicator |
908 Devices Company Return On Asset Analysis
908 Devices' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current 908 Devices Return On Asset | -0.13 |
Most of 908 Devices' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 908 Devices is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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908 Total Assets
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Based on the latest financial disclosure, 908 Devices has a Return On Asset of -0.129. This is 98.53% lower than that of the Health Care Equipment & Supplies sector and 99.29% lower than that of the Health Care industry. The return on asset for all United States stocks is 7.86% lower than that of the firm.
908 Devices Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining 908 Devices's current stock value. Our valuation model uses many indicators to compare 908 Devices value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across 908 Devices competition to find correlations between indicators driving 908 Devices's intrinsic value. More Info.908 Devices is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies . At this time, 908 Devices' Return On Equity is comparatively stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value 908 Devices by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for 908 Devices' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the 908 Devices' earnings, one of the primary drivers of an investment's value.908 Devices' Earnings Breakdown by Geography
908 Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 908 Devices' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of 908 Devices could also be used in its relative valuation, which is a method of valuing 908 Devices by comparing valuation metrics of similar companies.908 Devices is currently under evaluation in return on asset category among related companies.
908 Devices ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, 908 Devices' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 908 Devices' managers, analysts, and investors.Environmental | Governance | Social |
908 Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.69) % | ||||
| Operating Margin | (1.24) % | ||||
| Current Valuation | 107.48 M | ||||
| Shares Outstanding | 34.49 M | ||||
| Shares Owned By Insiders | 7.49 % | ||||
| Shares Owned By Institutions | 78.88 % | ||||
| Number Of Shares Shorted | 1.34 M | ||||
| Price To Book | 1.21 X | ||||
| Price To Sales | 3.98 X | ||||
| Revenue | 50.23 M | ||||
| Gross Profit | 26.02 M | ||||
| EBITDA | (40.02 M) | ||||
| Net Income | (36.4 M) | ||||
| Cash And Equivalents | 212.99 M | ||||
| Cash Per Share | 6.74 X | ||||
| Total Debt | 5.95 M | ||||
| Debt To Equity | 0.10 % | ||||
| Current Ratio | 15.46 X | ||||
| Book Value Per Share | 4.76 X | ||||
| Cash Flow From Operations | (25.06 M) | ||||
| Short Ratio | 7.99 X | ||||
| Earnings Per Share | (1.07) X | ||||
| Target Price | 15.33 | ||||
| Number Of Employees | 230 | ||||
| Beta | 1.02 | ||||
| Market Capitalization | 236.22 M | ||||
| Total Asset | 202.98 M | ||||
| Retained Earnings | (170.6 M) | ||||
| Working Capital | 151.24 M | ||||
| Net Asset | 202.98 M |
About 908 Devices Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 908 Devices's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 908 Devices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 908 Devices based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 10.6 M | 11.2 M | |
| Total Revenue | 50.2 M | 37.8 M | |
| Cost Of Revenue | 26.9 M | 18 M | |
| Stock Based Compensation To Revenue | 0.19 | 0.20 | |
| Sales General And Administrative To Revenue | 0.00 | 0.00 | |
| Research And Ddevelopement To Revenue | 0.41 | 0.43 | |
| Capex To Revenue | (0.04) | (0.04) | |
| Revenue Per Share | 1.56 | 0.98 | |
| Ebit Per Revenue | (0.84) | (0.89) |
Pair Trading with 908 Devices
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 908 Devices position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 908 Devices will appreciate offsetting losses from the drop in the long position's value.Moving together with 908 Stock
| 0.71 | AHG | Akso Health Group | PairCorr |
| 0.82 | XAIR | Beyond Air Financial Report 27th of June 2024 | PairCorr |
Moving against 908 Stock
| 0.79 | GCTK | GlucoTrack | PairCorr |
| 0.6 | HAE | Haemonetics | PairCorr |
| 0.58 | NXL | Nexalin Technology | PairCorr |
| 0.52 | KIDS | Orthopediatrics Corp | PairCorr |
The ability to find closely correlated positions to 908 Devices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 908 Devices when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 908 Devices - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 908 Devices to buy it.
The correlation of 908 Devices is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 908 Devices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 908 Devices moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 908 Devices can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 908 Devices Piotroski F Score and 908 Devices Altman Z Score analysis. For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.