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Sunday, April 2, 2023

908 Devices Inc. (NASDAQ: MASS) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for 908 Devices Inc. (MASS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.40, or 4.99%, to $8.42. The 908 Devices Inc. has recorded 6,541 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted 908 Devices Reports Fourth Quarter and Full Year 2022 Financial Results and Provides 2023 Revenue Outlook.

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Stocks Info

908 Devices Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $8.02 and fluctuated between $8.86 as its day high and $7.95 as its day low. The current market capitalization of 908 Devices Inc. is $277.49M. A total of 0.66 million shares were traded on the day, compared to an average of 262.84K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MASS has seen 7 BUY and 11 SELL insider trades, representing the acquisition of 31,252 and the disposition of 86,735 shares. Over the last 12 months, there were 32 BUYs and 57 SELLs from insiders. Insiders purchased 274,461 shares during that period but sold 547,447.

In the most recent transaction, Knopp Kevin J. sold 4,842 shares of MASS for 10.12 per share on Feb 16. After the transaction, the President and CEO now owns 427,848 company shares. In a previous transaction on Feb 15, Knopp Kevin J. sold 15,158 shares at 10.29 per share. MASS shares that President and CEO owns now total 432,690.

Among the insiders who sold shares, Knopp Kevin J. disposed of 40,000 shares on Feb 02 at a per-share price of $10.51. This resulted in the President and CEO holding 447,848 shares of MASS after the transaction. In another insider transaction, Brown Christopher D. sold 10,000 shares at $10.03 per share on Feb 02. Company shares held by the Chief Technology Officer now total 902,375.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MASS in the last 3 months, the mean price target is $17.00 with high estimates of $20.00 and low estimates of $14.00. 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 -$0.26 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.35. The company reported an EPS of -$0.26 in the last quarter, which was 3.70% higher than expectations of -$0.27.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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