The price of 908 Devices Inc (NASDAQ:MASS) shares last traded on Wall Street fell -13.14% to $3.37.
MASS stock price is now 37.69% away from the 50-day moving average and -10.60% away from the 200-day moving average. The market capitalization of the company currently stands at $117.35M.
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With the price target reduced from $12 to $4, Leerink Partners Downgraded its rating from Outperform to Market Perform for 908 Devices Inc (NASDAQ: MASS). On February 07, 2023, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $14, while ‘Cowen’ rates the stock as ‘Outperform’
In other news, Griffith Joseph H. IV, Chief Financial Officer sold 10,236 shares of the company’s stock on Feb 03 ’25. The stock was sold for $23,985 at an average price of $2.34. Upon completion of the transaction, the Chief Financial Officer now directly owns 109,870 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Chief Legal & Admin Officer Turner Michael S. sold 9,672 shares of the business’s stock. A total of $22,499 was realized by selling the stock at an average price of $2.33. This leaves the insider owning 24,603 shares of the company worth $82912.11. A total of 27.15% of the company’s stock is owned by insiders.
During the past 12 months, 908 Devices Inc has had a low of $1.81 and a high of $7.56. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 4.10, and a quick ratio of 3.45.
The net profit margin was -121.09% and return on equity was -51.56% for MASS. The company reported revenue of $16.77 million for the quarter, compared to $14.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.32 percent.
