Is 908 Devices Stock a Good Investment?
908 Devices Investment Advice | MASS |
- Examine 908 Devices' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research 908 Devices' leadership team and their track record. Good management can help 908 Devices navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact 908 Devices' business and its evolving consumer preferences.
- Compare 908 Devices' performance and market position to its competitors. Analyze how 908 Devices is positioned in terms of product offerings, innovation, and market share.
- Check if 908 Devices pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about 908 Devices' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in 908 Devices stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if 908 Devices is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine 908 Devices Stock
Researching 908 Devices' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 85.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.21. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. 908 Devices recorded a loss per share of 1.07. The entity had not issued any dividends in recent years.
To determine if 908 Devices is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding 908 Devices' research are outlined below:
| 908 Devices generated a negative expected return over the last 90 days | |
| 908 Devices has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 50.23 M. Net Loss for the year was (36.4 M) with profit before overhead, payroll, taxes, and interest of 26.02 M. | |
| 908 Devices currently holds about 212.99 M in cash with (25.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.74, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: EverQuote Q1 Earnings Snapshot |
908 Devices Quarterly Good Will |
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908 Devices uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in 908 Devices. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to 908 Devices' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 5th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact 908 Devices' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises 908 Devices' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-03-05 | 2023-12-31 | -0.26 | -0.23 | 0.03 | 11 | ||
2023-05-09 | 2023-03-31 | -0.35 | -0.39 | -0.04 | 11 | ||
2021-11-04 | 2021-09-30 | -0.15 | -0.19 | -0.04 | 26 | ||
2023-03-07 | 2022-12-31 | -0.26 | -0.31 | -0.05 | 19 | ||
2023-08-08 | 2023-06-30 | -0.35 | -0.29 | 0.06 | 17 | ||
2022-03-07 | 2021-12-31 | -0.18 | -0.12 | 0.06 | 33 | ||
2021-08-04 | 2021-06-30 | -0.21 | -0.27 | -0.06 | 28 | ||
2023-11-07 | 2023-09-30 | -0.3 | -0.22 | 0.08 | 26 |
Know 908 Devices' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as 908 Devices is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 908 Devices backward and forwards among themselves. 908 Devices' institutional investor refers to the entity that pools money to purchase 908 Devices' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Tao Capital Management Lp | 2023-12-31 | 569 K | Sumitomo Mitsui Trust Holdings Inc | 2024-03-31 | 562.3 K | Geode Capital Management, Llc | 2023-12-31 | 518.6 K | State Street Corporation | 2023-12-31 | 407.3 K | Sands Capital Ventures, Llc | 2023-12-31 | 237.3 K | Northern Trust Corp | 2023-12-31 | 180.9 K | Charles Schwab Investment Management Inc | 2023-12-31 | 180.7 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 111 K | Nuveen Asset Management, Llc | 2023-12-31 | 101.6 K | Ark Investment Management Llc | 2024-03-31 | 4 M | Granahan Investment Management Inc.. | 2023-12-31 | 2 M |
908 Devices' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 194.81 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 908 Devices's market, we take the total number of its shares issued and multiply it by 908 Devices's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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908 Devices' profitablity analysis
908 Devices' profitability indicators refer to fundamental financial ratios that showcase 908 Devices' ability to generate income relative to its revenue or operating costs. If, let's say, 908 Devices is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, 908 Devices' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of 908 Devices' profitability requires more research than a typical breakdown of 908 Devices' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.20) | (0.21) | |
| Return On Capital Employed | (0.24) | (0.25) | |
| Return On Assets | (0.18) | (0.19) | |
| Return On Equity | (0.22) | (0.21) |
Determining 908 Devices' profitability involves analyzing its financial statements and using various financial metrics to determine if 908 Devices is a good buy. For example, gross profit margin measures 908 Devices' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of 908 Devices' profitability and make more informed investment decisions.
The data published in 908 Devices' official financial statements usually reflect 908 Devices' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of 908 Devices. For example, before you start analyzing numbers published by 908 accountants, it's critical to develop an understanding of what 908 Devices' liquidity, profitability, and earnings quality are in the context of the Health Care Equipment & Supplies space in which it operates.
Please note, the presentation of 908 Devices' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 908 Devices' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in 908 Devices' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of 908 Devices. Please utilize our Beneish M Score to check the likelihood of 908 Devices' management manipulating its earnings.
Evaluate 908 Devices' management efficiency
908 Devices has return on total asset (ROA) of (0.129) % which means that it has lost $0.129 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2061) %, meaning that it created substantial loss on money invested by shareholders. 908 Devices' management efficiency ratios could be used to measure how well 908 Devices manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.21 in 2024. Return On Capital Employed is likely to drop to -0.25 in 2024. At this time, 908 Devices' Net Tangible Assets are comparatively stable compared to the past year. Asset Turnover is likely to gain to 0.37 in 2024, whereas Total Assets are likely to drop slightly above 174.3 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 5.13 | 5.39 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 4.57 | 2.37 | |
| Enterprise Value Over EBITDA | (6.16) | (6.47) | |
| Price Book Value Ratio | 2.19 | 2.30 | |
| Enterprise Value Multiple | (6.16) | (6.47) | |
| Price Fair Value | 2.19 | 2.30 | |
| Enterprise Value | 246.6 M | 234.3 M |
The analysis of 908 Devices' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze 908 Devices' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of 908 Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.929 |
Basic technical analysis of 908 Stock
As of the 7th of May, 908 Devices owns the Variance of 12.94, market risk adjusted performance of (0.09), and Information Ratio of (0.11). In connection with fundamental indicators, the technical analysis model gives you tools to check timely technical drivers of 908 Devices, as well as the relationship between them. Strictly speaking, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We are able to interpolate and collect thirteen technical drivers for 908 Devices, which can be compared to its peers in the sector. Please confirm 908 Devices risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if 908 Devices is priced fairly, providing market reflects its prevailing price of 5.62 per share. Given that 908 Devices has information ratio of (0.11), we suggest you to validate 908 Devices's latest market performance to make sure the company can sustain itself sooner or later.908 Devices' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific 908 Devices insiders, such as employees or executives, is commonly permitted as long as it does not rely on 908 Devices' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases 908 Devices insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kevin Knopp over two weeks ago Disposition of 47000 shares by Kevin Knopp of 908 Devices at 1.75 subject to Rule 16b-3 | ||
Christopher Brown over a month ago Disposition of 3600 shares by Christopher Brown of 908 Devices at 1.75 subject to Rule 16b-3 | ||
Griffith Joseph H. Iv over a month ago Disposition of 8437 shares by Griffith Joseph H. Iv of 908 Devices at 1.58 subject to Rule 16b-3 | ||
Christopher Brown over two months ago Acquisition by Christopher Brown of 43965 shares of 908 Devices subject to Rule 16b-3 | ||
Kevin Knopp over three months ago Exercise or conversion by Kevin Knopp of 11255 shares of 908 Devices subject to Rule 16b-3 | ||
Spoto Mark over six months ago Exercise or conversion by Spoto Mark of 4771 shares of 908 Devices subject to Rule 16b-3 | ||
Kevin Knopp over six months ago Sale by Kevin Knopp of 60000 shares of 908 Devices | ||
Kevin Knopp over a year ago Exercise or conversion by Kevin Knopp of 11255 shares of 908 Devices subject to Rule 16b-3 |
Understand 908 Devices' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing 908 Devices' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 2.57 | |||
| Coefficient Of Variation | (1,150) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.1) | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 5.92 | |||
| Skewness | 0.0554 | |||
| Kurtosis | 0.5862 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 2.57 | |||
| Coefficient Of Variation | (1,150) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.94 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.1) | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 5.92 | |||
| Skewness | 0.0554 | |||
| Kurtosis | 0.5862 |
Consider 908 Devices' intraday indicators
908 Devices intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of 908 Devices stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
908 Devices Corporate Filings
10Q | 3rd of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 30th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 29th of April 2024 Other Reports | ViewVerify | |
F4 | 16th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
908 Stock media impact
Far too much social signal, news, headlines, and media speculation about 908 Devices that are available to investors today. That information is available publicly through 908 media outlets and privately through word of mouth or via 908 internal channels. However, regardless of the origin, that massive amount of 908 data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of 908 Devices news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of 908 Devices relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to 908 Devices' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive 908 Devices alpha.
908 Devices Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards 908 Devices can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in 908 Devices without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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908 Devices Corporate Management
Elected by the shareholders, the 908 Devices' board of directors comprises two types of representatives: 908 Devices inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 908. The board's role is to monitor 908 Devices' management team and ensure that shareholders' interests are well served. 908 Devices' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 908 Devices' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Knopp | CEO, CoFounder | Profile | |
| Joseph IV | CFO Treasurer | Profile | |
| Steve Araiza | CoFounder | Profile | |
| Scott Miller | Cofounder Engineering | Profile | |
| JD Esq | Chief Secretary | Profile |
How to buy 908 Stock?
To provide specific investment advice or recommendations on 908 Devices stock, we recommend investors consider the following general factors when evaluating 908 Devices. This will help you to make an informed decision on whether to include 908 Devices in one of your diversified portfolios:- Examine 908 Devices' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research 908 Devices' leadership team and their track record. Good management can help 908 Devices navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact 908 Devices' business and its evolving consumer preferences.
- Compare 908 Devices' performance and market position to its competitors. Analyze how 908 Devices is positioned in terms of product offerings, innovation, and market share.
- Check if 908 Devices pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about 908 Devices' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in 908 Devices stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if 908 Devices is a good investment.
Already Invested in 908 Devices?
The danger of trading 908 Devices is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 908 Devices is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 908 Devices. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 908 Devices is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether 908 Devices is a strong investment it is important to analyze 908 Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 908 Devices' future performance. For an informed investment choice regarding 908 Stock, refer to the following important reports: 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.
In summary, please note that there is a difference between 908 Devices' value and its price, as these two are different measures arrived at by various 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.