Is Avinger Stock a Good Investment?
Avinger Investment Advice | AVGR |
- Examine Avinger's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Avinger's leadership team and their track record. Good management can help Avinger navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Avinger's business and its evolving consumer preferences.
- Compare Avinger's performance and market position to its competitors. Analyze how Avinger is positioned in terms of product offerings, innovation, and market share.
- Check if Avinger pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Avinger's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Avinger stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Avinger is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Unstable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Avinger Stock
Researching Avinger's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 14.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.62. Some equities with similar Price to Book (P/B) outperform the market in the long run. Avinger recorded a loss per share of 8.76. The entity last dividend was issued on the 24th of June 2019. The firm had 1:15 split on the 13th of September 2023.
To determine if Avinger is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Avinger's research are outlined below:
| 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 Quarterly Cost Of Revenue |
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Avinger uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Avinger. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Avinger's 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.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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. Below are the table of largest EPS Surprises Avinger's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-07-27 | 2023-06-30 | -0.49 | -0.59 | -0.1 | 20 | ||
2022-08-11 | 2022-06-30 | -1.09 | -0.94 | 0.15 | 13 | ||
2021-03-11 | 2020-12-31 | -1.2 | -1.4 | -0.2 | 16 | ||
2024-11-07 | 2024-09-30 | -2.03 | -1.82 | 0.21 | 10 | ||
2023-05-10 | 2023-03-31 | -0.49 | -0.71 | -0.22 | 44 | ||
2022-11-09 | 2022-09-30 | -1.06 | -0.77 | 0.29 | 27 | ||
2023-03-15 | 2022-12-31 | -1.01 | -0.7 | 0.31 | 30 | ||
2020-11-10 | 2020-09-30 | -2.1 | -1.6 | 0.5 | 23 |
Know Avinger's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Avinger is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Avinger backward and forwards among themselves. Avinger's institutional investor refers to the entity that pools money to purchase Avinger's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wells Fargo & Co | 2024-06-30 | 0.0 | Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 0.0 | Fidelity Management And Research Company | 2024-06-30 | 0.0 | Citigroup Inc | 2024-06-30 | 0.0 | Advisor Group Holdings, Inc. | 2024-06-30 | 0.0 | Northwestern Mutual Wealth Management Co | 2024-06-30 | 0.0 | Armistice Capital, Llc | 2024-06-30 | 43.7 K | Vanguard Group Inc | 2024-09-30 | 23.8 K | Geode Capital Management, Llc | 2024-06-30 | 10.5 K | Blackrock Inc | 2024-06-30 | 5.6 K | Tower Research Capital Llc | 2024-06-30 | 3.4 K |
Avinger's market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.41 M.Market Cap |
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Avinger's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (1.33) | (1.40) | |
| Return On Capital Employed | 3.01 | 3.16 | |
| Return On Assets | (1.33) | (1.40) | |
| Return On Equity | 2.95 | 3.10 |
Determining Avinger's profitability involves analyzing its financial statements and using various financial metrics to determine if Avinger is a good buy. For example, gross profit margin measures Avinger's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Avinger's profitability and make more informed investment decisions.
Evaluate Avinger's management efficiency
Avinger has return on total asset (ROA) of (0.6522) % which means that it has lost $0.6522 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (33.3259) %, 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 11/22/2024, 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 11/22/2024, Total Current Assets is likely to grow to about 20.1 M, while Non Currrent Assets Other are likely to drop slightly above 18.1 K.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (7.89) | (8.29) | |
| Tangible Book Value Per Share | (7.89) | (8.29) | |
| Enterprise Value Over EBITDA | (0.75) | (0.79) | |
| Price Book Value Ratio | (0.34) | (0.33) | |
| Enterprise Value Multiple | (0.75) | (0.79) | |
| Price Fair Value | (0.34) | (0.33) | |
| Enterprise Value | 7.7 M | 6.8 M |
At Avinger, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Beta 1.156 |
Basic technical analysis of Avinger Stock
As of the 22nd of November, Avinger shows the Mean Deviation of 4.29, standard deviation of 6.61, and Risk Adjusted Performance of (0.04). 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. Please confirm Avinger coefficient of variation and maximum drawdown to decide if Avinger is priced correctly, providing market reflects its regular price of 0.789 per share. As Avinger is a penny stock we also strongly suggest to validate its jensen alpha numbers.Avinger's 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's Outstanding Corporate Bonds
Avinger issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Avinger uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Avinger bonds can be classified according to their maturity, which is the date when Avinger has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Avinger's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Avinger's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 4.29 | |||
| Coefficient Of Variation | (1,602) | |||
| Standard Deviation | 6.61 | |||
| Variance | 43.73 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (0.38) | |||
| Maximum Drawdown | 45.74 | |||
| Value At Risk | (8.65) | |||
| Potential Upside | 7.78 | |||
| Skewness | (0.01) | |||
| Kurtosis | 4.7 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 4.29 | |||
| Coefficient Of Variation | (1,602) | |||
| Standard Deviation | 6.61 | |||
| Variance | 43.73 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (0.38) | |||
| Maximum Drawdown | 45.74 | |||
| Value At Risk | (8.65) | |||
| Potential Upside | 7.78 | |||
| Skewness | (0.01) | |||
| Kurtosis | 4.7 |
Consider Avinger's intraday indicators
Avinger intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Avinger stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Avinger 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 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.
Avinger Stock media impact
Far too much social signal, news, headlines, and media speculation about Avinger that are available to investors today. That information is available publicly through Avinger media outlets and privately through word of mouth or via Avinger internal channels. However, regardless of the origin, that massive amount of Avinger data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Avinger news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Avinger relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Avinger's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Avinger alpha.
Avinger Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Avinger can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Avinger Corporate Management
| Keith Schaefer | Chief Officer | Profile | |
| Corey Gibbs | Vice Sales | Profile | |
| Nabeel Subainati | Principal Finance | Profile | |
| Himanshu Patel | Chief Officer | Profile | |
| MD FACC | Chief Officer | Profile |
Already Invested in Avinger?
The danger of trading Avinger is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Avinger is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Avinger. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avinger is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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.