Avinger Stock Analysis

Avinger Stock Analysis Notes

About 16.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.56. Some equities with similar Price to Book (P/B) outperform the market in the long run. Avinger recorded a loss per share of 23.31. The entity last dividend was issued on the 24th of June 2019. The firm had 1:15 split on the 13th of September 2023. 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 internationally. 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 68 people. For more info on Avinger please contact Jeffrey Soinski at 650 241 7900 or go to https://avinger.com.

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Avinger Largest EPS Surprises

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Avinger Stock Institutional Investors

Note, although Avinger's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Avinger Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 5.73 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 those looking for more risk prefer small-cap and mid-cap equities.

Avinger Profitablity

The company has Profit Margin (PM) of (2.39) %, 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 (2.42) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $2.42.

Management Efficiency

Avinger has return on total asset (ROA) of (0.5477) % which means that it has lost $0.5477 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (9.7316) %, meaning that it created substantial loss on money invested by shareholders. Avinger's 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. At this time, Avinger's Return On Capital Employed is relatively stable compared to the past year. As of 04/24/2024, Return On Equity is likely to grow to 3.10, while Return On Tangible Assets are likely to drop (1.40). At this time, Avinger's Total Assets are relatively stable compared to the past year. As of 04/24/2024, Total Current Assets is likely to grow to about 20.1 M, while Non Currrent Assets Other are likely to drop slightly above 18 K.

Technical Drivers

As of the 24th of April, Avinger shows the Mean Deviation of 5.22, risk adjusted performance of 0.0602, and Downside Deviation of 6.86. 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 peers. 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 3.7 per share. Given that Avinger has jensen alpha of 1.08, we suggest you to validate Avinger's prevailing market performance to make sure the company can sustain itself at a future point.

Avinger Price Movement Analysis

Avinger Insider Trading Activities

Avinger Predictive Daily Indicators

Avinger Corporate Filings

Avinger Forecast Models

Avinger's time-series forecasting models are one of many Avinger's stock analysis techniques aimed at predicting 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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Avinger prices is reacting to, or reflecting on a current 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.

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.

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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avinger. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avinger Stock, please use our How to Invest in Avinger guide.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 the Transaction History module to view history of all your transactions and understand their impact on performance.

When running Avinger's 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 the 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.

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 if Avinger is a good investment 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.