Avinger Inc (NASDAQ:AVGR) Receives Different Reactions From Analysts

In the last trading session, 0.19 million shares of the Avinger Inc (NASDAQ:AVGR) were traded, and its beta was 1.12. Most recently the company’s share price was $0.60, and it changed around $0.01 or 1.71% from the last close, which brings the market valuation of the company to $1.99M. AVGR currently trades at a discount to its 52-week high of $5.45, offering almost -808.33% off that amount. The share price’s 52-week low was $0.39, which indicates that the current value has risen by an impressive 35.0% since then. We note from Avinger Inc’s average daily trading volume that its 10-day average is 1.39 million shares, with the 3-month average coming to 2.26 million.

Avinger Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended AVGR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

Avinger Inc (NASDAQ:AVGR) trade information

Instantly AVGR has showed a green trend with a performance of 1.71% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8250 on recent trading dayincreased the stock’s daily price by 27.27%. The company’s shares are currently down -26.65% year-to-date, but still up 6.55% over the last five days. On the other hand, Avinger Inc (NASDAQ:AVGR) is 25.79% up in the 30-day period. We can see from the shorts that 0.12 million shares have been sold at a short interest cover period of 0.22 day(s).

Avinger Inc (AVGR) estimates and forecasts

Avinger Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -65.91 percent over the past six months and at a 79.88% annual growth rate that is well above the industry average of 15.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 70.26%.

AVGR Dividends

Avinger Inc’s next quarterly earnings report is expected to be released in February.

Avinger Inc (NASDAQ:AVGR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.60% of Avinger Inc shares, and 2.84% of them are in the hands of institutional investors. The stock currently has a share float of 3.28%.

Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 23.8 shares worth $14281.0, making up 0.72% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 6.94 shares worth around $4163.0, which represents about 0.21% of the total shares outstanding.