The Future Belongs To Avinger Inc (NASDAQ: AVGR) For Risk-Tolerant Investors

During the last session, Avinger Inc (NASDAQ:AVGR)’s traded shares were 1.64 million, with the beta value of the company hitting 1.17. At the end of the trading day, the stock’s price was $0.64, reflecting an intraday loss of -22.09% or -$0.18. The 52-week high for the AVGR share is $5.45, that puts it down -751.56 from that peak though still a striking -9.37% loss since the share price plummeted to a 52-week low of $0.70. The company’s market capitalization is $2.04M, and the average intraday trading volume over the past 10 days was 36630.0 shares, and the average trade volume was 224.23K shares over the past three months.

Avinger Inc (AVGR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AVGR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

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Avinger Inc (NASDAQ:AVGR) trade information

Avinger Inc (AVGR) registered a -22.09% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -22.09% in intraday trading to $0.64, hitting a weekly high. The stock’s 5-day price performance is -21.12%, and it has moved by -23.94% in 30 days. Based on these gigs, the overall price performance for the year is -79.42%. The short interest in Avinger Inc (NASDAQ:AVGR) is 0.12 million shares and it means that shorts have 0.22 day(s) to cover.

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 -61.51% during the last six months, with a year-to-date growth rate more than the industry average at 79.88% against 16.70.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 70.26%.

AVGR Dividends

Avinger Inc is due to release its next quarterly earnings in January. 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 13.60% of total outstanding shares while institutional holders control 2.84%, with the float percentage being 3.28%.

Also, the Mutual Funds coming in first place with the largest holdings of Avinger Inc (AVGR) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 23.8 shares. This amounts to just over 0.74 percent of the company’s overall shares, with a $15207.0 market value. The same data shows that the other fund manager holds slightly less at 6.94, or about 0.22% of the stock, which is worth about $4433.0.