908 Devices Stock Performance
| MASS Stock | USD 2.74 0.18 7.03% |
The firm owns a Beta (Systematic Risk) of 2.81, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 908 Devices will likely underperform. At this point, 908 Devices has a negative expected return of -0.51%. Please make sure to confirm 908 Devices' total risk alpha, as well as the relationship between the kurtosis and price action indicator , to decide if 908 Devices performance from the past will be repeated sooner or later.
Risk-Adjusted Performance
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Over the last 90 days 908 Devices has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in December 2024. The newest uproar may also be a sign of mid-term up-swing for the firm private investors. ...more
Actual Historical Performance (%)
One Day Return 4.31 | Five Day Return 11.72 | Year To Date Return (73.08) | Ten Year Return (94.55) | All Time Return (94.55) |
1 | Disposition of 6328 shares by Christopher Brown of 908 Devices at 1.58 subject to Rule 16b-3 | 08/30/2024 |
2 | Acquisition by Hunt Anthony of 11364 shares of 908 Devices subject to Rule 16b-3 | 09/03/2024 |
3 | Acquisition by Turner Michael S. of 59201 shares of 908 Devices at 7.35 subject to Rule 16b-3 | 09/11/2024 |
4 | Disposition of 7777 shares by Eisenberg Marcia of 908 Devices subject to Rule 16b-3 | 09/20/2024 |
5 | Acquisition by Crandell Keith of 4771 shares of 908 Devices at 0.001 subject to Rule 16b-3 | 10/04/2024 |
6 | Shiba Inu Announces New Partnership To Build The Financial Layer Of Upcoming Shib State Key Figure Kaal Dhairya Says, Time To Unleash The Paw-sibilities | 10/15/2024 |
7 | Acquisition by Hunt Anthony of 15996 shares of 908 Devices at 5.94 subject to Rule 16b-3 | 10/25/2024 |
8 | Globus Medical Beats Q3 Earnings and Revenue Estimates | 11/05/2024 |
9 | 908 Devices Inc. Reports Q3 Loss, Lags Revenue Estimates | 11/12/2024 |
10 | Leerink downgrades 908 Devices stock rating on market headwinds, slashes PT | 11/13/2024 |
11 | 908 Devices Third Quarter 2024 Earnings Misses Expectations | 11/14/2024 |
12 | Granahan Investment Management Reduces Stake in 908 Devices Inc | 11/15/2024 |
13 | Drive Wealth Management LLC Buys Shares of 14,350 908 Devices Inc. | 11/19/2024 |
| Begin Period Cash Flow | 188.6 M |
908 |
908 Devices Relative Risk vs. Return Landscape
If you would invest 411.00 in 908 Devices on August 23, 2024 and sell it today you would lose (137.00) from holding 908 Devices or give up 33.33% of portfolio value over 90 days. 908 Devices is currently does not generate positive expected returns and assumes 4.8887% risk (volatility on return distribution) over the 90 days horizon. In different words, 43% of stocks are less volatile than 908, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
908 Devices Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 908 Devices' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as 908 Devices, and traders can use it to determine the average amount a 908 Devices' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1036
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| Negative Returns | MASS |
Estimated Market Risk
| 4.89 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.51 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 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.
908 Devices Fundamentals Growth
908 Stock prices reflect investors' perceptions of the future prospects and financial health of 908 Devices, and 908 Devices fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on 908 Stock performance.
| Return On Equity | -0.4 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (1.09) % | ||||
| Operating Margin | (0.71) % | ||||
| Current Valuation | 24.64 M | ||||
| Shares Outstanding | 34.82 M | ||||
| Price To Book | 0.68 X | ||||
| Price To Sales | 1.62 X | ||||
| Revenue | 50.23 M | ||||
| Gross Profit | 26.02 M | ||||
| EBITDA | (34.02 M) | ||||
| Net Income | (36.4 M) | ||||
| Cash And Equivalents | 212.99 M | ||||
| Cash Per Share | 6.74 X | ||||
| Total Debt | 5.95 M | ||||
| Debt To Equity | 0.10 % | ||||
| Current Ratio | 15.46 X | ||||
| Book Value Per Share | 3.77 X | ||||
| Cash Flow From Operations | (25.06 M) | ||||
| Earnings Per Share | (1.79) X | ||||
| Market Capitalization | 89.15 M | ||||
| Total Asset | 202.98 M | ||||
| Retained Earnings | (170.6 M) | ||||
| Working Capital | 151.24 M | ||||
About 908 Devices Performance
Assessing 908 Devices' fundamental ratios provides investors with valuable insights into 908 Devices' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the 908 Devices is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 218.91 | 140.98 | |
| 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) |
Things to note about 908 Devices performance evaluation
Checking the ongoing alerts about 908 Devices for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for 908 Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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. |
- Analyzing 908 Devices' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether 908 Devices' stock is overvalued or undervalued compared to its peers.
- Examining 908 Devices' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating 908 Devices' management team can have a significant impact on its success or failure. Reviewing the track record and experience of 908 Devices' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of 908 Devices' stock. These opinions can provide insight into 908 Devices' potential for growth and whether the stock is currently undervalued or overvalued.
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.