908 Devices Story

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While some millenniums may be indifferent towards healthcare space, we will examine how invariable are 908 Devices fundamentals compared to Dynatronics. We are going to discuss some of the competitive aspects of both 908 Devices and Dynatronics.
Published over two weeks ago
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Will Dynatronics (NASDAQ:DYNT) and 908 Devices (NASDAQ:MASS) deliver in April?
By analyzing existing basic indicators between 908 Devices and Dynatronics, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Dynatronics with a short position in 908 Devices. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The latest return on assets of 908 Devices connotes not a very effective usage of assets in March.

How important is 908 Devices's Liquidity

908 Devices financial leverage refers to using borrowed capital as a funding source to finance 908 Devices ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. 908 Devices financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between 908 Devices's total debt and its cash.

How 908 Devices utilizes its cash?

To perform a cash flow analysis of 908 Devices, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash 908 Devices is receiving and how much cash it distributes out in a given period. The 908 Devices cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
908 Devices Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. 908 Devices reported last year Net Cash Flow from Operations of 4.13 Million

Another Deeper Perspective

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now take a look at 908 Devices revenue. Based on the latest financial disclosure, 908 Devices reported 29.52 M of revenue. This is 99.61% lower than that of the Healthcare sector and 98.84% lower than that of the Medical Devices industry. The revenue for all United States stocks is 99.69% higher than that of the company. As for Dynatronics we see revenue of 45.92 M, which is 98.2% lower than that of the Medical Devices

2.6 B
MASS29.52 Million1.12
Sector2.55 Billion97.13
DYNT45.92 Million1.75

Are 908 Devices technical ratios showing a throwback?

The jensen alpha is down to -0.82 as of today. 908 Devices is displaying above-average volatility over the selected time horizon. Investors should scrutinize 908 Devices independently to ensure intended market timing strategies are aligned with expectations about 908 Devices volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 908 Devices' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact 908 Devices' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on 908 Devices

While some other entities in the medical devices industry are either recovering or due for a correction, 908 Devices may not be performing as strong as the other in terms of long-term growth potentials. With a relatively neutral outlook on the latest economy, it is better to hold off any trading of 908 Devices as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to 908 Devices.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of 908 Devices. Please refer to our Terms of Use for any information regarding our disclosure principles.

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