Avinger Inc. (NASDAQ: AVGR): Do Not Miss The Gain Train


    Heights Capital Management, Inc. has recently announced that it has increased stake in Avinger Inc. (NASDAQ:AVGR) by 850.45%. After grabbing 4.0 million shares, the institutional investor is now in possession of 3.58 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.79% having worth around $1.78 million. Moreover, Sabby Capital LLC increased its share by 1.62 million to have a control over 2.18 million shares. And Perkins Capital Management, Inc. raised its holdings to 0.55 million shares by acquiring 1.27 million shares or 2.46% of the stake.

    Avinger Inc. (AVGR) concluded trading on 08/26/20 at a closing price of $0.52, with 14.19 million shares of worth about $7.38 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -24.67% during that period and on Wednesday the price saw a loss of about -1.88%. Currently the company’s common shares owned by public are about 70.13M shares, out of which, 51.13M shares are available for trading.

    Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.40 and could fall to a lowest price of $1.40. Analysts also issued an outlook of 2.50 for the Avinger Inc. stock for next 12 months. However, touching the estimated high of $1.40 would mean a gain of 62.86% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 121,890 shares in 54 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

    Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and USAA Extended Market Index Fund are the top 3 mutual funds which are holding stakes in Avinger Inc. Vanguard Extended Market Index Fu is currently holding 0.12 million shares of worth totaling $55187.0. The company recently came buying 0.0 shares which brought its stake up to 0.24% of the company’s outstanding shares. USAA Extended Market Index Fund, after buying 4901.0 shares, have now control over 0.01% of the stake in the company. It holds 2341.0 shares of worth $2186.0.

    Avinger Inc. (NASDAQ: AVGR) started trading at $0.5099, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.52, or with a loss of -1.88%. Stock saw a price change of -24.67% in past 5 days and over the past one month there was a price change of 6.99%. Year-to-date (YTD), AVGR shares are showing a performance of -54.74% which decreased to -53.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.24 but also hit the highest price of $1.63 during that period. While comparing its average daily trading volume of 10.17 million shares, we see that about 14.19 million changed hands on the day. The stock is currently trading -5.67% below its 20-day simple moving average (SMA20), while that difference is up 17.93% for SMA50 and it goes to -21.23% lower than SMA200.

    Heights Capital Management, Inc. acquired 4.0 million shares of Avinger Inc. having value of about $1.78 million. Data submitted at the U.S SEC by Heights Capital Management, Inc. revealed that the firm now holds 3.58 million shares in the company valued at close to $1861155.4, or have control over 850.45% stake in the company. Avinger Inc. (NASDAQ: AVGR) currently have 70.13M outstanding shares and institutions hold larger chunk of about 9.60% of that. Holding of mutual funds in the company is about 0.29% while other institutional holders and individual stake holders have control over 15.77% and 0.26% of the stake respectively.

    The stock has a current market capitalization of $46.79M and its 3Y-monthly beta is at 1.60. It has posted earnings per share of -$1.93 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 1.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVGR, volatility over the week remained 11.83% while standing at 14.48% over the month.

    Analysts are in expectations that Avinger Inc. (AVGR) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter ESPS is -$0.16 and it is -$0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.19 which is -$0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.7 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 90.50% while it is estimated to increase by 46.70% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the Avinger Inc. (AVGR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Ladenburg Thalmann on March 09, 2018 offering a Buy rating for the stock and assigned a target price of to it. Coverage by Oppenheimer stated Avinger Inc. (AVGR) stock as a Perform in their note to investors on April 12, 2017, suggesting a price target of for the stock. On April 11, 2017, Canaccord Genuity Downgrade their recommendations, while on December 29, 2015, Dougherty & Company Downgrade their ratings for the stock with a price target of. Stock get a Buy rating from Dougherty & Company on May 08, 2015.


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