Avinger Stock Odds of Future Stock Price Finishing Over 5.39
| AVGR Stock | USD 0.83 0.04 5.06% |
Avinger |
Avinger Target Price Odds to finish over 5.39
The tendency of Avinger Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 5.39 or more in 90 days |
| 0.83 | 90 days | 5.39 | close to zero percent |
Based on a normal probability distribution, the odds of Avinger to move over $ 5.39 or more in 90 days from now is close to zero percent (This Avinger probability density function shows the probability of Avinger Stock to fall within a particular range of prices over 90 days) . Probability of Avinger price to stay between its current price of $ 0.83 and $ 5.39 at the end of the 90-day period is about 80.69 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.22 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Avinger will likely underperform. Additionally Avinger has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Avinger Price Density |
| Price |
Predictive Modules for Avinger
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Avinger. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Avinger Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Avinger is not an exception. The market had few large corrections towards the Avinger's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Avinger, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Avinger within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.57 | |
β | Beta against Dow Jones | 1.22 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.08 |
Avinger Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Avinger for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Avinger can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 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 7.65 M. Net Loss for the year was (18.32 M) with profit before overhead, payroll, taxes, and interest of 2.65 M. | |
| Avinger currently holds about 17.34 M in cash with (14.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Avinger has a frail financial position based on the latest SEC disclosures | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: ARMISTICE CAPITAL, LLC Acquires Shares in Avinger Inc |
Avinger Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Avinger Stock often depends not only on the future outlook of the current and potential Avinger's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Avinger's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 786 K | |
| Cash And Short Term Investments | 5.3 M |
Avinger Technical Analysis
Avinger's future price can be derived by breaking down and analyzing its technical indicators over time. Avinger Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Avinger. In general, you should focus on analyzing Avinger Stock price patterns and their correlations with different microeconomic environments and drivers.
Avinger Predictive Forecast Models
Avinger's time-series forecasting models is one of many Avinger's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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.
Things to note about Avinger
Checking the ongoing alerts about Avinger for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Avinger help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 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 7.65 M. Net Loss for the year was (18.32 M) with profit before overhead, payroll, taxes, and interest of 2.65 M. | |
| Avinger currently holds about 17.34 M in cash with (14.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Avinger has a frail financial position based on the latest SEC disclosures | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: ARMISTICE CAPITAL, LLC Acquires Shares in Avinger Inc |
Additional Tools for Avinger Stock Analysis
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.