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Wednesday, February 8, 2023

Analyst Expects 908 Devices Inc. (NASDAQ: MASS) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for 908 Devices Inc. (MASS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.83. The 908 Devices Inc. has recorded 1,916 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed MX908 Device Enables Correctional Facility Personnel to Quickly Identify Illegal Drugs in Incoming Mail.

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Stocks Info

As a NASDAQ listed company, MASS falls under the Healthcare sector while operating within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $8.83 and fluctuated between $8.85 as its day high and $8.04 as its day low. The current market capitalization of 908 Devices Inc. is $259.07M. A total of 0.18 million shares were traded on the day, compared to an average of 305.31K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MASS has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 76,016 and the disposition of 50,000 shares. Over the last 12 months, there were 31 BUYs and 50 SELLs from insiders. Insiders purchased 274,344 shares during that period but sold 475,931.

In the most recent transaction, Spoto Mark bought 2,585 shares of MASS for 9.65 per share on Nov 22. After the transaction, the Director now owns 40,423 company shares. In a previous transaction on Nov 15, Knopp Kevin J. sold 20,000 shares at 11.04 per share. MASS shares that President and CEO owns now total 480,642.

Among the insiders who sold shares, Knopp Kevin J. disposed of 18,800 shares on Oct 18 at a per-share price of $15.32. This resulted in the President and CEO holding 500,642 shares of MASS after the transaction. In another insider transaction, Knopp Kevin J. sold 11,200 shares at $14.68 per share on Oct 17. Company shares held by the President and CEO now total 519,442.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MASS in the last 3 months, the mean price target is $18.50 with high estimates of $20.00 and low estimates of $17.00. In terms of 52-week highs and lows, MASS has a high of $26.00 and a low of $6.87.

As of this writing, MASS has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.3 in the last quarter, which was 3.20% higher than expectations of -$0.31.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MASS is Buy with a score of 5.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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