During the last session, 908 Devices Inc. (NASDAQ:MASS)’s traded shares were 1.25 million. At the end of the trading day, the stock’s price was $14.23, reflecting an intraday gain of 5.10% or $0.69. The 52-week high for the MASS share is $45.09, that puts it down -216.87 from that peak though still a striking 11.45% gain since the share price plummeted to a 52-week low of $12.60. The company’s market capitalization is $481.40M, and the average trade volume was 303.98K shares over the past three months.
908 Devices Inc. (MASS) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.20. MASS has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.31.
908 Devices Inc. (NASDAQ:MASS) trade information
908 Devices Inc. (MASS) registered a 5.10% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.10% in intraday trading to $14.23 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -23.29%, and it has moved by -26.80% in 30 days. Based on these gigs, the overall price performance for the year is -61.28%.
The consensus price target of analysts on Wall Street is $26.50, which implies an increase of 46.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23.00 and $30.00 respectively. As a result, MASS is trading at a discount of -110.82% off the target high and -61.63% off the low.
908 Devices Inc. (MASS) estimates and forecasts
Statistics show that 908 Devices Inc. has underperformed its competitors in share price, compared to the industry in which it operates. 908 Devices Inc. (MASS) shares have gone down -55.97% during the last six months, with a year-to-date growth rate less than the industry average at -17.72% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 79.10% this quarter and then jump 18.20% in the quarter after that. In the rating firms’ projections, revenue will increase 53.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $15.06 million as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $11.53 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.72 million and $4.22 million respectively. In this case, analysts expect current quarter sales to grow by 163.40% and then jump by 173.20% in the coming quarter.
While earnings are projected to return -67.50% in 2022.
908 Devices Inc. is due to release its next quarterly earnings between March 28 and April 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
908 Devices Inc. (NASDAQ:MASS)’s Major holders
908 Devices Inc. insiders own 10.15% of total outstanding shares while institutional holders control 88.99%, with the float percentage being 99.04%. Blackrock Inc. is the largest shareholder of the company, while 146 institutions own stock in it. As of Dec 30, 2021, the company held over 3.71 million shares (or 13.29% of all shares), a total value of $95.95 million in shares.
The next largest institutional holding, with 3.0 million shares, is of ARK Investment Management, LLC’s that is approximately 10.74% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $77.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of 908 Devices Inc. (MASS) shares are ARK ETF Tr-ARK Genomic Revolution ETF and BlackRock Innovation and Growth Trust. Data provided on Dec 30, 2021 indicates that ARK ETF Tr-ARK Genomic Revolution ETF owns about 2.97 million shares. This amounts to just over 10.66 percent of the company’s overall shares, with a $76.94 million market value. The same data shows that the other fund manager holds slightly less at 2.31 million, or about 8.28% of the stock, which is worth about $59.75 million.