Avinger Inc. [NASDAQ: AVGR] gained 5.45% or 0.06 points to close at $1.16 with a heavy trading volume of 1247175 shares. The company report on June 7, 2021 that Avinger Announces Presentations by Key Opinion Leaders at New Cardiovascular Horizons Annual Conference.
Avinger, Inc. (NASDAQ:AVGR), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of Peripheral Artery Disease (PAD), announced two podium presentations featuring the company’s Lumivascular technology at the New Cardiovascular Horizons (NCVH) annual conference, which took place June 1 through June 4 in New Orleans.
Key opinion leaders in the fields of interventional cardiology and endovascular interventions highlighted Avinger’s Lumivascular technology in the following sessions:.
It opened the trading session at $1.10, the shares rose to $1.16 and dropped to $1.07, the range by which the price of stock traded the whole day. The daily chart for AVGR points out that the company has recorded 294.56% gains over the past six months. However, it is still -452.38% lower than its most recent low trading price.
If we look at the average trading volume of 3.63M shares, AVGR reached to a volume of 1247175 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Avinger Inc. [AVGR]:
Ladenburg Thalmann have made an estimate for Avinger Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 09, 2018. The new note on the price target was released on April 12, 2017, representing the official price target for Avinger Inc. stock. Previously, the target price had yet another drop from $4.30 to $1, while Canaccord Genuity kept a Hold rating on AVGR stock.
The Average True Range (ATR) for Avinger Inc. is set at 0.08, with the Price to Sales ratio for AVGR stock in the period of the last 12 months amounting to 11.84. The Price to Book ratio for the last quarter was 5.27, with the Price to Cash per share for the same quarter was set at 0.33.
Trading performance analysis for AVGR stock
Avinger Inc. [AVGR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.85. With this latest performance, AVGR shares gained by 22.09% in over the last four-week period, additionally plugging by 294.56% over the last 6 months – not to mention a rise of 160.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVGR stock in for the last two-week period is set at 54.35, with the RSI for the last a single of trading hit 57.95, and the three-weeks RSI is set at 51.32 for Avinger Inc. [AVGR]. The present Moving Average for the last 50 days of trading for this stock 1.1358, while it was recorded at 1.1420 for the last single week of trading, and 0.9324 for the last 200 days.
Avinger Inc. [AVGR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Avinger Inc. [AVGR] shares currently have an operating margin of -198.65 and a Gross Margin at +29.88. Avinger Inc.’s Net Margin is presently recorded at -216.94.
Return on Total Capital for AVGR is now -68.46, given the latest momentum, and Return on Invested Capital for the company is -103.40. Return on Equity for this stock declined to -190.34, with Return on Assets sitting at -66.66. When it comes to the capital structure of this company, Avinger Inc. [AVGR] has a Total Debt to Total Equity ratio set at 130.41. Additionally, AVGR Total Debt to Total Capital is recorded at 56.60, with Total Debt to Total Assets ending up at 51.37. Long-Term Debt to Equity for the company is recorded at 96.80, with the Long-Term Debt to Total Capital now at 42.01.
Reflecting on the efficiency of the workforce at the company, Avinger Inc. [AVGR] managed to generate an average of -$253,413 per employee. Receivables Turnover for the company is 5.96 with a Total Asset Turnover recorded at a value of 0.31.Avinger Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.60 and a Current Ratio set at 5.10.
Avinger Inc. [AVGR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Avinger Inc. posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVGR.
An analysis of insider ownership at Avinger Inc. [AVGR]
There are presently around $11 million, or 12.20% of AVGR stock, in the hands of institutional investors. The top three institutional holders of AVGR stocks are: VANGUARD GROUP INC with ownership of 3,736,163, which is approximately 136.903% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 2,044,661 shares of the stock with an approximate value of $2.37 million in AVGR stocks shares; and PERKINS CAPITAL MANAGEMENT INC, currently with $2.01 million in AVGR stock with ownership of nearly -25.943% of the company’s market capitalization.
Positions in Avinger Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 25 institutional holders increased their position in Avinger Inc. [NASDAQ:AVGR] by around 5,641,054 shares. Additionally, 14 investors decreased positions by around 1,594,370 shares, while 2 investors held positions by with 2,349,279 shares. The mentioned changes placed institutional holdings at 9,584,703 shares, according to the latest SEC report filing. AVGR stock had 14 new institutional investments in for a total of 401,769 shares, while 11 institutional investors sold positions of 973,042 shares during the same period.