Avinger, Inc. (NASDAQ:AVGR) has a beta value of 1.29 and has seen 9,394,263 shares traded in the last trading session. The company, currently valued at $9.69 Million, closed the last trade at $0.309 per share which meant it lost $0 on the day or 3.07% during that session. The AVGR stock price is -1029.45% off its 52-week high price of $3.49 and 22.01% above the 52-week low of $0.241. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.86 Million shares traded. The 3-month trading volume is 3.12 Million shares.
The consensus among analysts is that Avinger, Inc. (AVGR) is an Overweight stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.2.
Avinger, Inc. (NASDAQ:AVGR) trade information
Sporting 3.07% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the AVGR stock price touched $0.43 or saw a rise of 28.09%. Year-to-date, Avinger, Inc. shares have moved -72.88%, while the 5-day performance has seen it change -20.72%. Over the past 30 days, the shares of Avinger, Inc. (NASDAQ:AVGR) have changed -8.39%. Short interest in the company has seen 198.38 Million shares shorted with days to cover at 63.58.
Wall Street analysts have a consensus price target for the stock at $1.4, which means that the shares’ value could jump 353.07% from current levels. The projected low price target is $1.4 while the price target rests at a high of $1.4. In that case, then, we find that the current price level is +353.07% off the targeted high while a plunge would see the stock lose 353.07% from current levels.
Avinger, Inc. (AVGR) estimates and forecasts
Figures show that Avinger, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -75.06% over the past 6 months, with this year growth rate of -70.13%, compared to 2.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 77% and 74.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.1%.
2 analysts offering their estimates for the company have set an average revenue estimate of $1.34 Million for the current quarter. 2 have an estimated revenue figure of $2.16 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.32 Million and $2.38 Million respectively for this quarter and the next, and analysts expect sales will grow by -42.2% for the current quarter and -9.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +90.5% while over the next 5 years, the company’s earnings are expected to increase by 0%.