During the last session, Avinger Inc. (NASDAQ:AVGR)’s traded shares were 0.5 million, with the beta value of the company hitting 1.71. At the end of the trading day, the stock’s price was $0.89, reflecting an intraday loss of -0.46% or $0.0. The 52-week high for the AVGR share is $2.67, that puts it down -200.0 from that peak though still a striking 76.4% gain since the share price plummeted to a 52-week low of $0.21. The company’s market capitalization is $80.94M, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 1.62 million shares over the past three months.
Avinger Inc. (AVGR) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. AVGR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.
Avinger Inc. (NASDAQ:AVGR) trade information
Avinger Inc. (AVGR) registered a -0.46% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.46% in intraday trading to $0.89 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 0.85%, and it has moved by -5.93% in 30 days. Based on these gigs, the overall price performance for the year is 107.12%. The short interest in Avinger Inc. (NASDAQ:AVGR) is 2.0 million shares and it means that shorts have 1.49 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.50, which implies an increase of 64.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.50 and $2.50 respectively. As a result, AVGR is trading at a discount of -180.9% off the target high and -180.9% off the low.
Avinger Inc. (AVGR) estimates and forecasts
Statistics show that Avinger Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Avinger Inc. (AVGR) shares have gone down -37.76% during the last six months, with a year-to-date growth rate more than the industry average at 50.00% against 16.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 77.80% this quarter and then jump 25.00% in the quarter after that. In the rating firms’ projections, revenue will increase 27.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.8 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $2.84 million by the end of Sep 2021.
While earnings are projected to return 85.40% in 2021.
Avinger Inc. is due to release its next quarterly earnings between July 28 and August 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Avinger Inc. (NASDAQ:AVGR)’s Major holders
Avinger Inc. insiders own 1.21% of total outstanding shares while institutional holders control 13.72%, with the float percentage being 13.89%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 29 institutions own stock in it. As of Jun 29, 2021, the company held over 4.56 million shares (or 4.78% of all shares), a total value of $5.6 million in shares.
The next largest institutional holding, with 2.37 million shares, is of Perkins Capital Management, Inc.’s that is approximately 2.48% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $2.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Avinger Inc. (AVGR) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 2.35 million shares. This amounts to just over 2.46 percent of the company’s overall shares, with a $3.54 million market value. The same data shows that the other fund manager holds slightly less at 1.23 million, or about 1.29% of the stock, which is worth about $1.86 million.