908 Devices Stock Price on December 31, 2022
| MASS Stock | USD 2.56 0.18 6.57% |
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 2.56, as last reported on the 25th of November, with the highest price reaching 2.74 and the lowest price hitting 2.55 during the day. 908 Devices retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the company had a -0.12% return per unit of price deviation over the last 3 months. 908 Devices exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 908 Devices' Market Risk Adjusted Performance of (0.20), variance of 23.8, and Information Ratio of (0.14) 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 2.29 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 = -0.1185
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| Negative Returns | MASS |
Estimated Market Risk
| 4.95 actual daily | 44 56% of assets are more volatile |
Expected Return
| -0.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 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 0.6803 | Enterprise Value Ebitda (3.15) | Price Sales 1.6161 | Shares Float 26.4 M | Wall Street Target Price 5.6667 |
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908 Devices Valuation on December 31, 2022
It is possible to determine the worth of 908 Devices on a given historical date. On December 31, 2022 908 was worth 7.29 at the beginning of the trading date compared to the closed value of 7.62. 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 | |
| 7.11 | 7.64 | 7.04 | 7.46 | 189,176 | |
12/30/2022 | 7.29 | 7.66 | 7.05 | 7.62 | 256,724 |
| 7.73 | 7.94 | 7.13 | 7.34 | 316,170 |
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908 Devices Trading Date Momentum on December 31, 2022
| On January 03 2023 908 Devices was traded for 7.34 at the closing time. The top price for the day was 7.94 and the lowest listed price was 7.13 . The trading volume for the day was 316.2 K. The trading history from January 3, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.67% . The daily price change against the current closing price is 1.84% . |
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 | November 25, 2024
| High |
0.00 | 0.00 |
908 Devices cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
908 Devices November 25, 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 | (0.08) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (0.21) |
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Additional 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.