The stock of Avinger Inc (NASDAQ: AVGR) has increased by 10.38 when compared to last closing price of 1.21. Despite this, the company has experienced a 13.68% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-21 that Avinger (AVGR) fully launches Pantheris LV, the first image-guided atherectomy system for large vessels, thus enhancing peripheral artery disease treatment with advanced technology.
Is It Worth Investing in Avinger Inc (NASDAQ: AVGR) Right Now?
The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AVGR is 1.72M, and at present, short sellers hold a 3.88% of that float. On September 17, 2024, the average trading volume of AVGR was 58.15K shares.
AVGR’s Market Performance
AVGR stock saw an increase of 13.68% in the past week, with a monthly gain of 24.31% and a quarterly increase of -23.56%. The volatility ratio for the week is 11.43%, and the volatility levels for the last 30 days are 14.05% for Avinger Inc (AVGR). The simple moving average for the past 20 days is 16.59% for AVGR’s stock, with a -48.60% simple moving average for the past 200 days.
Analysts’ Opinion of AVGR
Many brokerage firms have already submitted their reports for AVGR stocks, with B. Riley Securities repeating the rating for AVGR by listing it as a “Buy.” The predicted price for AVGR in the upcoming period, according to B. Riley Securities is $2.50 based on the research report published on June 29, 2021 of the previous year 2021.
AVGR Trading at -0.85% from the 50-Day Moving Average
After a stumble in the market that brought AVGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.50% of loss for the given period.
Volatility was left at 14.05%, however, over the last 30 days, the volatility rate increased by 11.43%, as shares surge +15.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.78% lower at present.
During the last 5 trading sessions, AVGR rose by +13.68%, which changed the moving average for the period of 200-days by -55.81% in comparison to the 20-day moving average, which settled at $1.1498. In addition, Avinger Inc saw -50.92% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AVGR
Current profitability levels for the company are sitting at:
- -2.4 for the present operating margin
- 0.2 for the gross margin
The net margin for Avinger Inc stands at -2.28. The total capital return value is set at -2.15. Equity return is now at value -3332.59, with -113.20 for asset returns.
Based on Avinger Inc (AVGR), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -2.64. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is -116.0.
Currently, EBITDA for the company is -15.25 million with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.0. The receivables turnover for the company is 7.98for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
To sum up, Avinger Inc (AVGR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
