In the latest trading session, 1.01 million Avinger Inc (NASDAQ:AVGR) shares changed hands as the company’s beta touched 1.12. With the company’s most recent per share price at $0.59 changed hands at -$0.21 or -26.84% at last look, the market valuation stands at $1.95M. AVGR’s current price is a discount, trading about -823.73% off its 52-week high of $5.45. The share price had its 52-week low at $0.39, which suggests the last value was 33.9% up since then. When we look at Avinger Inc’s average trading volume, we note the 10-day average is 1.71 million shares, with the 3-month average coming to 2.24 million.
Analysts gave the Avinger Inc (AVGR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AVGR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Avinger Inc’s EPS for the current quarter is expected to be 0.
Avinger Inc (NASDAQ:AVGR) trade information
Instantly AVGR was in red as seen in intraday trades today. With action -23.69%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.17%, with the 5-day performance at -23.69% in the red. However, in the 30-day time frame, Avinger Inc (NASDAQ:AVGR) is -28.35% down. Looking at the short shares, we see there were 0.12 million shares sold at short interest cover period of 0.22 days.
Avinger Inc (AVGR) estimates and forecasts
Data shows that the Avinger Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -66.81% over the past 6 months, a 79.88% in annual growth rate that is considerably higher than the industry average of 14.90%. Year-over-year growth is forecast to reach -5.91% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.86M. 1 analysts are of the opinion that Avinger Inc’s revenue for the current quarter will be 3.1M. The company’s revenue for the corresponding quarters a year ago was 1.91M and 1.86M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.52%. The estimates for the next quarter sales put growth at 66.76%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 70.26%.
Avinger Inc (NASDAQ:AVGR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.60% of Avinger Inc shares while 2.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.28%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 23.8 shares estimated at $14059.0 under it, the former controlled 0.72% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.21% of the shares, roughly 6.94 shares worth around $4098.0.
