To answer directly NO. This being a new engine and it only having 8 rides or so - I doubt you have an issue with compression UNLESS you didn't put oil in your gas. Or, to ask What would cause NO Compression? A blown out seal. There are 2 to be concerned with. One behind the clutch plate and one behind the Magneto rotor. Pull the clutch cover - remove 5 screws. is there fuel in this area at the bottom of case? If so could be a blown out seal there resulting in loss of compression. If not pull the magneto/rotor cover. I'm assuming you have checked this area already because a sheared or slipped key will give you a spark but timing will be off, creating a no Start Condition.
Is there is fuel / seepage / wet in there? If so, could be a blown out seal there resulting in loss of compression. Look all around the engine case halves for seepage. Check your engine Head Gasket. Is there seepage where the head meets the cylinder if so, pull the Head off the engine and inspect the gasket for a blow out. At this point to settle your Compression question without a compression gauge, rotate the engine so piston is at its lowest point, then with a flashlight Inspect carefully the cylinder walls for scars. If you got scars in there, you got bigger problems.
Once again - I provided you with a link specific to compression and how much of it is needed for these engines to run.
If you insist - in your belief compression loss is your problem.Save yourself time and frustration. Buy or borrow one of these.
https://www.harborfreight.com/compression-test-kit-8-pc-62638.html. Go to your local auto mechanic / service station and offer to pay for a lunch
if they would check it for you.