Avinger Inc [NASDAQ: AVGR] gained 42.62% or 0.24 points to close at $0.80 with a heavy trading volume of 9374396 shares.
The daily chart for AVGR points out that the company has recorded -52.25% loss over the past six months.
If we look at the average trading volume of 2.08M shares, AVGR reached to a volume of 9374396 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVGR shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVGR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Avinger Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 29, 2021. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on March 09, 2018, representing the official price target for Avinger Inc stock. On April 11, 2017, analysts decreased their price target for AVGR shares from 4.30 to 1.
The Average True Range (ATR) for Avinger Inc is set at 0.19, with the Price to Sales ratio for AVGR stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 1.79.
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 -1.05. With this latest performance, AVGR shares dropped by -2.07% in over the last four-week period, additionally sinking by -52.25% over the last 6 months – not to mention a drop of -73.58% 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 50.88, with the RSI for the last a single of trading hit 51.90, and the three-weeks RSI is set at 50.24 for Avinger Inc [AVGR]. The present Moving Average for the last 50 days of trading for this stock 0.7881, while it was recorded at 0.6928 for the last single week of trading, and 1.6886 for the last 200 days.
Avinger Inc [AVGR]: A deeper dive into fundamental analysis
Avinger Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.21.
An analysis of Institutional ownership at Avinger Inc [AVGR]
There are presently around $2.84%, or 3.28%% of AVGR stock, in the hands of institutional investors.
