In last trading session, Avinger, Inc. (NASDAQ:AVGR) saw 18,922,020 shares changing hands with its beta currently measuring 1.93. Company’s recent per share price level of $1.13 trading at -$0.03 or -2.59% at ring of the bell on the day assigns it a market valuation of $95.96 Million. That closing price of AVGR’s stock is at a discount of -43.27% from its 52-week high price of $1.619 and is indicating a premium of 81.06% from its 52-week low price of $0.214. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 60.35 Million shares which gives us an average trading volume of 16.29 Million if we extend that period to 3-months.
For Avinger, Inc. (AVGR), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.5. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.
Avinger, Inc. (NASDAQ:AVGR) trade information
In the face of being in the red during last session for losing -2.59%, in the last five days AVGR remained trading in the green while hitting it’s week-highest on Monday, Jan 11 when the stock touched $1.6194 price level, adding 30.22% to its value on the day. Avinger, Inc.’s shares saw a change of 156.76% in year-to-date performance and have moved 96.49% in past 5-day. Avinger, Inc. (NASDAQ:AVGR) showed a performance of 273.68% in past 30-days. Number of shares sold short was 1.13 Million shares which calculate 0.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1 to the stock, which implies targetted prices is already lagging behind -11.5% to its current value. Analysts have been projecting $1 as a low price target for the stock while placing it at a high target of $1. It follows that stock’s current price would jump -11.5% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.5% for stock’s current value.
Avinger, Inc. (AVGR) estimates and forecasts
Statistics highlight that Avinger, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +254.12% of value to its shares in past 6 months, showing an annual growth rate of 75.16% while that of industry is 14.7. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 89.7% in the current quarter and calculating 89.4% increase in the next quarter. This year revenue growth is estimated to drop -6.7% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.45 Million for the same. And 2 analysts are in estimates of company making revenue of $2.5 Million in the next quarter that will end on March 01, 2021. Company posted $2.56 Million and $2.26 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -4.4% while estimating it to be 10.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 90.5% while estimates for its earnings growth in next 5 years are of 0%
Avinger, Inc. (NASDAQ:AVGR)’s Major holders
Insiders are in possession of 1.3% of company’s total shares while institution are holding 7.8% percent of that, with stock having share float percentage of 7.91%. Investors also watch the number of corporate investors in a company very closely, which is 27 institutions for Avinger, Inc. that are currently holding shares of the company. Perkins Capital Management, Inc. is the top institutional holder at AVGR for having 2.35 Million shares of worth $757.39 Thousand. And as of September 29, 2020, it was holding 2.77% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 825.11 Thousand shares on September 29, 2020. The number of shares represents firm’s hold over 0.97% of outstanding shares, having a total worth of $265.77 Thousand.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 232861 shares of worth $75Thousand or 0.27% of the total outstanding shares. The later fund manager was in possession of 160.37 Thousand shares on September 29, 2020, making its stake of worth around $51.65 Thousand in the company or a holder of 0.19% of company’s stock.
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