Avinger Stock Analysis

AVGR -  USA Stock  

USD 0.28  0.01  3.45%

The big decline in price over the last few months for Avinger could raise concerns from retail investors as the firm it trading at a share price of 0.28 on 2,017,914 in volume. The company executives failed to add value to investors and positioning the firm supply of money to exploit market volatility in December. However, diversifying your holdings with Avinger or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.96. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Avinger partners.
Please continue to Trending Equities.

Avinger Stock Analysis 

 
Refresh
The Avinger stock analysis report makes it easy to digest most publicly released information about Avinger and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Avinger Stock analysis module also helps to analyze the Avinger price relationship with some important fundamental indicators such as market cap and management efficiency.

Avinger Stock Analysis Notes

The book value of the company was presently reported as 0.12. The company recorded a loss per share of 0.23. Avinger had not issued any dividends in recent years. The entity had a split on the 24th of June 2019. Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease in the United States and Europe. Avinger, Inc. was incorporated in 2007 and is headquartered in Redwood City, California. Avinger operates under Medical Instruments Supplies classification in the United States and is traded on NASDAQ Exchange. It employs 69 people. For more info on Avinger please contact Jeffrey Soinski at 650 241-7900 or go to www.avinger.com.

Avinger Quarterly Cost of Revenue

1.57 MillionShare

Avinger Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Avinger's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Avinger or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Avinger generated a negative expected return over the last 90 days
Avinger has high historical volatility and very poor performance
Avinger has some characteristics of a very speculative penny stock
Avinger has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 10.46 M. Net Loss for the year was (21.14 M) with profit before overhead, payroll, taxes, and interest of 2.62 M.
Avinger currently holds about 23.08 M in cash with (15.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.
Avinger has a frail financial position based on the latest SEC disclosures
Latest headline from www.marketscreener.com: AVINGER ANNOUNCES CLOSING OF 7.6 MILLION REGISTERED DIRECT OFFERING - Form 8-K - marketscreener.com

Avinger Upcoming and Recent Events

Earnings reports are used by Avinger to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Avinger previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report10th of March 2022
Next Earnings Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of March 2022
Last Quarter Report30th of September 2021
Last Earning Announcement31st of December 2020

Avinger Largest EPS Surprises

Earnings surprises can significantly impact Avinger's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-08-10
2021-06-30-0.05-0.040.0120 
2021-05-06
2021-03-31-0.06-0.07-0.0116 
2021-03-11
2020-12-31-0.06-0.07-0.0116 
View All Earnings Estimates

Avinger SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Avinger prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Avinger investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Avinger specific information freely available to individual and institutional investors to make a timely investment decision.
18th of January 2022
Financial Statements and Exhibits. Other Events. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year. Material Modifications to Rights of Security Holders
View
12th of January 2022
Financial Statements and Exhibits. Other Events. Material Modifications to Rights of Security Holders. Entry into a Material Definitive Agreement
View
11th of January 2022
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure
View
27th of December 2021
Unregistered Sales of Equity Securities
View
20th of December 2021
Submission of Matters to a Vote of Security Holders
View
17th of November 2021
Financial Statements and Exhibits. Regulation FD Disclosure
View
12th of November 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
29th of October 2021
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
View

Avinger Market Capitalization

The company currently falls under 'Micro-Cap' category with current market capitalization of 26.47 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Avinger's market, we take the total number of its shares issued and multiply it by Avinger's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Avinger Profitablity

Avinger's profitability indicators refer to fundamental financial ratios that showcase Avinger's ability to generate income relative to its revenue or operating costs. If, let's say, Avinger is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Avinger's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Avinger's profitability requires more research than a typical breakdown of Avinger's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (162.98) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (169.97) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -1.7.
Last ReportedProjected for 2022
Return on Investment(100.67) (108.62) 
Return on Average Assets(0.86) (0.93) 
Return on Average Equity(2.09) (2.25) 
Return on Invested Capital(1.62) (1.75) 
Return on Sales(2.27) (2.45) 

Management Efficiency

The entity has return on total asset (ROA) of (31.44) % which means that it has lost $31.44 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (131.02) %, meaning that it created substantial loss on money invested by shareholders. Avinger management efficiency ratios could be used to measure how well avinger manages its routine affairs as well as how well it operates its assets and liabilities. As of 01/26/2022, Return on Investment is likely to drop to -108.62. In addition to that, Return on Average Assets is likely to drop to -0.93. Avinger Revenue to Assets are relatively stable at the moment as compared to the past year. Avinger reported last year Revenue to Assets of 0.41. As of 01/26/2022, Total Assets Per Share is likely to grow to 2.66, while Current Assets are likely to drop slightly above 24.5 M.
Last ReportedProjected for 2022
Book Value per Share 0.31  0.33 
Enterprise Value over EBIT(1.15) (1.24) 
Enterprise Value over EBITDA(1.72) (1.86) 
Price to Book Value 2.57  2.64 
Tangible Assets Book Value per Share 0.61  0.63 
Enterprise Value22.1 M22.7 M
Tangible Asset Value29.9 M29 M

Technical Drivers

As of the 26th of January, Avinger shows the risk adjusted performance of (0.17), and Mean Deviation of 4.18. Avinger technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Avinger, which can be compared to its rivals. Please confirm Avinger information ratio, as well as the relationship between the potential upside and kurtosis to decide if Avinger is priced correctly, providing market reflects its regular price of 0.28 per share. As Avinger appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Avinger Price Movement Analysis

The output start index for this execution was one with a total number of output elements of sixty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Avinger middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Avinger. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target. View also all equity analysis or get more info about bollinger bands overlap studies indicator.

Avinger Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Avinger insiders, such as employees or executives, is commonly permitted as long as it does not rely on Avinger's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Avinger insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Avinger Technical and Predictive Indicators

Avinger Forecast Models

Avinger time-series forecasting models is one of many Avinger's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Avinger's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Avinger Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Avinger stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Avinger shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Avinger. By using and applying Avinger Stock analysis, traders can create a robust methodology for identifying Avinger entry and exit points for their positions.
Last ReportedProjected for 2022
EBITDA Margin(2.16) (2.33) 
Gross Margin 0.27  0.26 
Profit Margin(3.00) (3.24) 
Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease in the United States and Europe. Avinger, Inc. was incorporated in 2007 and is headquartered in Redwood City, California. Avinger operates under Medical Instruments Supplies classification in the United States and is traded on NASDAQ Exchange. It employs 69 people.

Current Avinger Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Avinger analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Avinger analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
2.0Strong Buy2Odds
Avinger current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Avinger analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Avinger stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Avinger, talking to its executives and customers, or listening to Avinger conference calls.
Avinger Analyst Advice Details

Avinger Stock Analysis Indicators

Avinger stock analysis indicators help investors evaluate how Avinger stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Avinger shares will generate the highest return on investment. By understating and applying Avinger stock analysis, traders can identify Avinger position entry and exit signals to maximize returns.
Quick Ratio3.29
Fifty Two Week Low0.2471
Revenue Growth2.80%
Shares Short Prior Month1.05M
Average Daily Volume Last 10 Day4.24M
Average Daily Volume In Three Month2.29M
Shares Percent Shares Out0.65%
Gross Margins35.31%
Short Percent Of Float0.66%
Forward Price Earnings-1.26
Float Shares190.2M
Fifty Two Week High2.6700
Enterprise Value To Ebitda-5.21
Fifty Day Average0.5352
Two Hundred Day Average0.8587
Enterprise Value To Revenue8.49
Please continue to Trending Equities. Note that the Avinger information on this page should be used as a complementary analysis to other Avinger's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Avinger Stock analysis

When running Avinger price analysis, check to measure Avinger's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avinger is operating at the current time. Most of Avinger's value examination focuses on studying past and present price action to predict the probability of Avinger's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avinger's price. Additionally, you may evaluate how the addition of Avinger to your portfolios can decrease your overall portfolio volatility.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Is Avinger's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avinger. If investors know Avinger will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avinger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Avinger is measured differently than its book value, which is the value of Avinger that is recorded on the company's balance sheet. Investors also form their own opinion of Avinger's value that differs from its market value or its book value, called intrinsic value, which is Avinger's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avinger's market value can be influenced by many factors that don't directly affect Avinger's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avinger's value and its price as these two are different measures arrived at by different means. Investors typically determine Avinger value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avinger's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.