Over the past three months, Avinger Inc. [AVGR] ended the trading day at $0.29 and exhibited a change of -3.47% with a 24 hour trading and reached upto the volume of 7.42M compared to its recorded trading volume of 3.88 million. AVGR generated a 1 year amount change with -77.88%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 16.76% with an amount shift of 1.37% over the last month.

On 10, November 2020, Avinger Reports Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, 57% Sequential Increase in Revenue.

Analyst Birdseye View:

The most recent analyst activity for Avinger Inc. [NASDAQ:AVGR] stock was on April 12, 2017, when it was Downgrade with a Perform rating from Oppenheimer. On April 11, 2017, Canaccord Genuity Downgrade a Hold rating and plunged its price target on this stock from $4.30 to $1. On December 29, 2015, Dougherty & Company Downgrade a Neutral rating. On May 08, 2015, Dougherty & Company Reiterated a Buy rating and increased its price target to $18. On April 29, 2015, Dougherty & Company Initiated a Buy rating and boosted its amount on this stock to $16. On February 24, 2015, Oppenheimer Initiated an Outperform rating and boosted its target amount on this stock to $15. Canaccord Genuity elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.21 and a peak of $1.63. At the most recent market close, shares of Avinger Inc. [NASDAQ:AVGR] were valued at $0.29.

FUNDAMENTAL ANALYSIS

Avinger Inc. [NASDAQ:AVGR] most recently reported quarterly sales of 2.3 billion, which represented growth of -4.20%. This publicly-traded organization’s revenue is $112,728 per employee, while its income is -$240,123 per employee. This company’s Gross Margin is currently 30.30%, its Pretax Margin is -213.01, and its Net Margin is -213.01. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -81.85, -237.85, -102.80 and -189.85 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 66.72 and the whole liability to whole assets at 58.02. It shows enduring liability to the whole principal at 19.96 and enduring liability to assets at 0.17 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.2758 points at 1st support level, the second support level is making up to 0.2486. But as of 1st resistance point, this stock is sitting at 0.3346 and at 0.3662 for 2nd resistance point.

Avinger Inc. [AVGR] reported its earnings at -$0.08 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.1/share signifying the difference of 0.02 and 20.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.18 calling estimates for -$0.2/share with the difference of 0.02 depicting the surprise of 10.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Avinger Inc. [NASDAQ:AVGR] is 1.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.86. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.90 and it’s amount to book ratio is 1.71.

Insider Stories

The most recent insider trade was by SOINSKI JEFFREY M, Chief Executive Officer, and it was the sale of 9145.0 shares on Sep 22. Patel Himanshu, the Chief Technology Officer, completed a sale of 6097.0 shares on Sep 22. On Sep 22, WEINSWIG MARK, Chief Financial Officer, completed a sale of 6097.0 shares.