Will 908 Devices Inc (NASDAQ: MASS) In 2024 Be Worth Your Money?

In the last trading session, 1.03 million 908 Devices Inc (NASDAQ:MASS) shares changed hands as the company’s beta touched 1.04. With the company’s per share price at $2.92 changed hands at -$0.7 or -19.34% during last session, the market valuation stood at $101.20M. MASS’s last price was a discount, traded about -328.42% off its 52-week high of $12.51. The share price had its 52-week low at $3.13, which suggests the last value was -7.19% down since then. When we look at 908 Devices Inc’s average trading volume, we note the 10-day average is 0.18 million shares, with the 3-month average coming to 174.68K.

Analysts gave the 908 Devices Inc (MASS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MASS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

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908 Devices Inc (NASDAQ:MASS) trade information

Instantly MASS was in red as seen at the end of in last trading. With action -20.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -73.98%, with the 5-day performance at -20.22% in the red. However, in the 30-day time frame, 908 Devices Inc (NASDAQ:MASS) is -15.85% down. Looking at the short shares, we see there were 1.37 million shares sold at short interest cover period of 9.41 days.

908 Devices Inc (MASS) estimates and forecasts

Data shows that the 908 Devices Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -59.16% over the past 6 months, a -7.96% in annual growth rate that is considerably lower than the industry average of 15.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.19%. The 2024 estimates are for 908 Devices Inc earnings to decrease by -18.94%.

MASS Dividends

908 Devices Inc is expected to release its next quarterly earnings report in December.

908 Devices Inc (NASDAQ:MASS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.63% of 908 Devices Inc shares while 71.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.08%. There are 71.20% institutions holding the 908 Devices Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 12.0377% of the shares, roughly 3.94 million MASS shares worth $20.28 million.

AMERIPRISE FINANCIAL INC holds the second largest percentage of outstanding shares, with 5.7552% or 1.88 million shares worth $9.7 million as of 2024-06-30.