Avinger Inc (NASDAQ:AVGR)’s traded shares stood at 107.52 million during the last session, with the company’s beta value hitting 1.19. At the close of trading, the stock’s price was $1.45, to imply an increase of 125.72% or $0.81 in intraday trading. The AVGR share’s 52-week high remains $5.45, putting it -275.86% down since that peak but still an impressive 73.1% since price per share fell to its 52-week low of $0.39. The company has a valuation of $10.83M, with an average of 11.47 million shares in intraday trading volume over the past 10 days and average of 195.04K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Avinger Inc (AVGR), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give AVGR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
Avinger Inc (NASDAQ:AVGR) trade information
After registering a 125.72% upside in the last session, Avinger Inc (AVGR) has traded red over the past five days. The 5-day price performance for the stock is 158.23%, and 58.02% over 30 days. With these gigs, the year-to-date price performance is -51.66%. Short interest in Avinger Inc (NASDAQ:AVGR) saw shorts transact 0.12 million shares and set a 0.22 days time to cover.
Avinger Inc (AVGR) estimates and forecasts
Looking at statistics comparing Avinger Inc share performance against respective industry, we note that the company has outperformed competitors. Avinger Inc (AVGR) shares are -32.47% down over the last 6 months, with its year-to-date growth rate higher than industry average at 79.88% against 15.50%. The rating firms project that company’s revenue will shrink -5.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 1.86M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3.1M.Earnings reports from the last fiscal year show that sales brought in 1.91M and 1.86M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.52% before jumping 66.76% in the following quarter.
AVGR Dividends
Avinger Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Avinger Inc (NASDAQ:AVGR)’s Major holders
Avinger Inc insiders hold 13.60% of total outstanding shares, with institutional holders owning 2.84% of the shares at 3.28% float percentage. In total, 2.84% institutions holds shares in the company.
