Based on the key indicators related to 908 Devices' liquidity, profitability, solvency, and operating efficiency, 908 Devices is not in a good financial situation at this time. It has a very high probability of going through financial hardship in March. At this time, 908 Devices' Short Term Debt is comparatively stable compared to the past year. Key indicators impacting 908 Devices' financial strength include:
The financial analysis of 908 Devices is a critical element in measuring its lifeblood. Investors should not minimize 908 Devices' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Please note, 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. Check 908 Devices' Beneish M Score to see the likelihood of 908 Devices' management manipulating its earnings.
908 Devices Stock Summary
908 Devices competes with Inari Medical, CONMED, Glaukos Corp, Nevro Corp, and Medtronic PLC. 908 Devices Inc., a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectrometry devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, industrial biotech, forensics, and adjacent markets. The company was incorporated in 2012 and is headquartered in Boston, Massachusetts. 908 Devices operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 177 people.
The reason investors look at the income statement is to determine what 908 Devices' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
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 its peers. It also is rated below average in return on asset category among its peers . At this time, 908 Devices' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value 908 Devices by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
908 Devices Systematic Risk
908 Devices' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. 908 Devices volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on 908 Devices correlated with the market. If Beta is less than 0 908 Devices generally moves in the opposite direction as compared to the market. If 908 Devices Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 908 Devices is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 908 Devices is generally in the same direction as the market. If Beta > 1 908 Devices moves generally in the same direction as, but more than the movement of the benchmark.
908 Devices Thematic Clasifications
908 Devices is part of Drugs investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Drug manufacturing and delivery. Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery
This theme covers Drug manufacturing and delivery. Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. Get More Thematic Ideas
Today, most investors in 908 Devices Stock are looking for potential investment opportunities by analyzing not only static indicators but also various 908 Devices' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of 908 Devices growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of 908 Devices help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of 908 Devices. We use our internally-developed statistical techniques to arrive at the intrinsic value of 908 Devices based on widely used predictive technical indicators. In general, we focus on analyzing 908 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 908 Devices's daily price indicators and compare them against related drivers.
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.