Avinger, Inc. (NASDAQ:AVGR) has a beta value of 1.58 and has seen 15,397,115 shares traded in the last trading session. The company, currently valued at $28.44 Million, closed the last trade at $0.34 per share which meant it lost -$0.03 on the day or -6.77% during that session. The AVGR stock price is -379.41% off its 52-week high price of $1.63 and 29.12% 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 22.51 Million shares traded. The 3-month trading volume is 12.66 Million shares.
The consensus among analysts is that Avinger, Inc. (AVGR) is a Hold 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 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.16.
Avinger, Inc. (NASDAQ:AVGR) trade information
Despite being -6.77% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Sep 11 when the AVGR stock price touched $0.58 or saw a rise of 41.31%. Year-to-date, Avinger, Inc. shares have moved -70.14%, while the 5-day performance has seen it change -18.95%. Over the past 30 days, the shares of Avinger, Inc. (NASDAQ:AVGR) have changed -40.13%. Short interest in the company has seen 1.76 Million shares shorted with days to cover at 0.14.
Wall Street analysts have a consensus price target for the stock at $1.4, which means that the shares’ value could jump 311.76% 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 +311.76% off the targeted high while a plunge would see the stock lose 311.76% 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 -16.96% over the past 6 months, with this year growth rate of -71.07%, compared to 4.9% 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 77.1% and 72.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -17%.
2 analysts offering their estimates for the company have set an average revenue estimate of $1.8 Million for the current quarter. 2 have an estimated revenue figure of $2.2 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $2.38 Million and $2.56 Million respectively for this quarter and the next, and analysts expect sales will grow by -24.4% for the current quarter and -14.1% for the next.
Earnings growth for 2020 is a modest +90.5%.