Avinger Inc. (NASDAQ:AVGR) has a beta value of 1.57 and has seen 2,171,264 shares traded in the last trading session. The company, currently valued at $118.17 Million, closed the last trade at $1.24 per share which meant it lost -$0.01 on the day or -0.8% during that session. The AVGR stock price is -115.32% off its 52-week high price of $2.67 and 82.74% above the 52-week low of $0.214. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.56 Million shares traded. The 3-month trading volume is 19.34 Million shares.
The consensus among analysts is that Avinger Inc. (AVGR) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 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 -$0.04.
Avinger Inc. (NASDAQ:AVGR) trade information
Despite being -0.8% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the AVGR stock price touched $1.31 or saw a rise of 5.34%. Year-to-date, Avinger Inc. shares have moved 181.75%, while the 5-day performance has seen it change 5.98%. Over the past 30 days, the shares of Avinger Inc. (NASDAQ:AVGR) have changed -20%. Short interest in the company has seen 2.58 Million shares shorted with days to cover at 0.13.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 101.61% from current levels. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the current price level is +101.61% off the targeted high while a plunge would see the stock lose 101.61% from current levels.
Avinger Inc. (AVGR) estimates and forecasts
Figures show that Avinger Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +394.81% over the past 6 months, with this year growth rate of 47.83%, compared to 22.2% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 91.5% and 77.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +32.4%.
1 analysts offering their estimates for the company have set an average revenue estimate of $2.44 Million for the current quarter. 1 have an estimated revenue figure of $2.64 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $2.26 Million for this quarter, and analysts expect sales will grow by 7.9% for the current quarter.
Earnings growth for 2021 is a modest +85.4%.
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Avinger Inc. (NASDAQ:AVGR)’s Major holders
Insiders own 1.21% of the company shares, while shares held by institutions stand at 7.37% with a share float percentage of 7.46%. Investors are also buoyed by the number of investors in a company, with Avinger Inc. having a total of 29 institutions that hold shares in the company. The top two institutional holders are Perkins Capital Management Inc. with over 1.73 Million shares worth more than $2.61 Million. As of March 30, 2021, Perkins Capital Management Inc. held 1.82% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 1.58 Million shares as of December 30, 2020. The firm’s total holdings are worth over $694.08 Thousand and represent 1.65% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of December 30, 2020, the former fund manager holds about 0.84% shares in the company for having 795750 shares of worth $350.21 Thousand while later fund manager owns 722.54 Thousand shares of worth $317.99 Thousand as of December 30, 2020, which makes it owner of about 0.76% of company’s outstanding stock.