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 |
Sell
Market Performance | Very Weak | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | 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 70.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.68. 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 1.79. 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. | |
| Roughly 70.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Drive Wealth Management LLC Buys Shares of 14,350 908 Devices Inc. |
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 | Nikko Asset Management Americas Inc | 2024-06-30 | 495.8 K | Sumitomo Mitsui Trust Group Inc | 2024-09-30 | 495.2 K | State Street Corp | 2024-06-30 | 473.3 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 397 K | Renaissance Technologies Corp | 2024-09-30 | 322.4 K | Junked Platinum Investment Management Ltd | 2024-09-30 | 257.4 K | Sands Capital Ventures, Llc | 2024-09-30 | 237.3 K | Charles Schwab Investment Management Inc | 2024-09-30 | 220.5 K | Northern Trust Corp | 2024-09-30 | 186.7 K | Ark Investment Management Llc | 2024-06-30 | 3.9 M | Ameriprise Financial Inc | 2024-06-30 | 1.9 M |
908 Devices' market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 89.15 M.Market Cap |
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908 Devices' profitablity analysis
| 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.
908 Devices' Earnings Breakdown by Geography
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.
Evaluate 908 Devices' management efficiency
908 Devices has return on total asset (ROA) of (0.1556) % which means that it has lost $0.1556 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4) %, 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. Non Currrent Assets Other is likely to gain to about 1.5 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 16.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 5.14 | 5.39 | |
| Tangible Book Value Per Share | 4.57 | 2.37 | |
| Enterprise Value Over EBITDA | (7.24) | (7.60) | |
| Price Book Value Ratio | 2.18 | 2.29 | |
| Enterprise Value Multiple | (7.24) | (7.60) | |
| Price Fair Value | 2.18 | 2.29 | |
| Enterprise Value | 246.3 M | 234 M |
Leadership at 908 Devices emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Beta 0.976 |
Basic technical analysis of 908 Stock
As of the 21st of November, 908 Devices owns the Information Ratio of (0.15), variance of 22.58, and Market Risk Adjusted Performance of (0.22). 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. 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 2.74 per share. Please also double-check 908 Devices jensen alpha, which is currently at (0.88) to validate 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.
908 Devices' Outstanding Corporate Bonds
908 Devices issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. 908 Devices uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most 908 bonds can be classified according to their maturity, which is the date when 908 Devices has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
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| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
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 | (0.09) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 3.03 | |||
| Coefficient Of Variation | (751.36) | |||
| Standard Deviation | 4.75 | |||
| Variance | 22.58 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 5.51 | |||
| Skewness | (1.55) | |||
| Kurtosis | 6.68 |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 3.03 | |||
| Coefficient Of Variation | (751.36) | |||
| Standard Deviation | 4.75 | |||
| Variance | 22.58 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 5.51 | |||
| Skewness | (1.55) | |||
| Kurtosis | 6.68 |
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
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 12th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
13A | 24th of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 30th of August 2024 Report filed with the SEC to announce major events that shareholders should know about | 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.
908 Devices Corporate Management
| Kevin Knopp | CEO, CoFounder | Profile | |
| Joseph IV | CFO Treasurer | Profile | |
| Steve Araiza | CoFounder | Profile | |
| Scott Miller | Cofounder Engineering | Profile | |
| JD Esq | Chief Secretary | Profile |
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.