Based on the analysis of Avinger's profitability, liquidity, and operating efficiency, Avinger may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Avinger's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 11/25/2024, Total Current Assets is likely to grow to about 20.1 M, while Total Current Liabilities is likely to drop slightly above 14.3 M. Key indicators impacting Avinger's financial strength include:
Investors should never underestimate Avinger's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Avinger's cash flow, debt, and profitability to make informed and accurate decisions about investing in Avinger.
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(19.24 Million)
Avinger
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Understanding current and past Avinger Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Avinger's financial statements are interrelated, with each one affecting the others. For example, an increase in Avinger's assets may result in an increase in income on the income statement.
Avinger competes with GlucoTrack, Nexgel, Sharps Technology, Innovative Eyewear, and AngioDynamics. 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.
The reason investors look at the income statement is to determine what Avinger's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Avinger's current stock value. Our valuation model uses many indicators to compare Avinger value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Avinger competition to find correlations between indicators driving Avinger's intrinsic value. More Info.
Avinger is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Avinger's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Avinger by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Avinger Systematic Risk
Avinger's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Avinger volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Avinger correlated with the market. If Beta is less than 0 Avinger generally moves in the opposite direction as compared to the market. If Avinger Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Avinger is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Avinger is generally in the same direction as the market. If Beta > 1 Avinger moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Avinger Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Avinger's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Avinger growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Avinger help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Avinger. We use our internally-developed statistical techniques to arrive at the intrinsic value of Avinger based on widely used predictive technical indicators. In general, we focus on analyzing Avinger Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Avinger's daily price indicators and compare them against related drivers.
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.