Avinger Stock Performance
| AVGR Stock | USD 0.79 0.04 5.33% |
The firm shows a Beta (market volatility) of 1.22, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avinger will likely underperform. At this point, Avinger has a negative expected return of -0.47%. Please make sure to confirm Avinger's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Avinger performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Avinger has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in December 2024. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more
Last Split Factor 1:15 | Dividend Date 2019-06-24 | Last Split Date 2023-09-13 |
1 | Acquisition by Weinswig Mark of 8333 shares of Avinger subject to Rule 16b-3 | 09/13/2024 |
2 | Avinger secures new patent for vascular treatment tech - Investing.com | 09/19/2024 |
3 | Avinger Releases Updated Data From IMAGE-BTK in Webinar Featuring Key Opinion Leaders in the Field of Vascular Intervention | 10/24/2024 |
4 | Acquisition by Jeffrey Soinski of 74071 shares of Avinger subject to Rule 16b-3 | 10/25/2024 |
5 | Avinger Q3 Earnings Preview | 11/06/2024 |
6 | Avinger Reports Third Quarter 2024 Results | 11/07/2024 |
7 | Avinger Inc Q3 2024 Earnings Call Highlights Strategic Realignment and Product Launches ... | 11/08/2024 |
8 | ARMISTICE CAPITAL, LLC Acquires Shares in Avinger Inc | 11/15/2024 |
| Begin Period Cash Flow | 14.6 M |
Avinger |
Avinger Relative Risk vs. Return Landscape
If you would invest 123.00 in Avinger on August 24, 2024 and sell it today you would lose (44.00) from holding Avinger or give up 35.77% of portfolio value over 90 days. Avinger is currently does not generate positive expected returns and assumes 6.624% risk (volatility on return distribution) over the 90 days horizon. In different words, 58% of stocks are less volatile than Avinger, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Avinger Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avinger's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Avinger, and traders can use it to determine the average amount a Avinger's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0708
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| Negative Returns | AVGR |
Estimated Market Risk
| 6.62 actual daily | 58 58% of assets are less volatile |
Expected Return
| -0.47 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Avinger is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Avinger by adding Avinger to a well-diversified portfolio.
Avinger Fundamentals Growth
Avinger Stock prices reflect investors' perceptions of the future prospects and financial health of Avinger, and Avinger fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Avinger Stock performance.
| Return On Equity | -33.33 | ||||
| Return On Asset | -0.65 | ||||
| Profit Margin | (2.61) % | ||||
| Operating Margin | (2.23) % | ||||
| Current Valuation | 2.22 M | ||||
| Shares Outstanding | 3.2 M | ||||
| Price To Earning | (0.13) X | ||||
| Price To Book | 0.65 X | ||||
| Price To Sales | 0.34 X | ||||
| Revenue | 7.65 M | ||||
| Gross Profit | 2.65 M | ||||
| EBITDA | (16.35 M) | ||||
| Net Income | (18.32 M) | ||||
| Cash And Equivalents | 17.34 M | ||||
| Cash Per Share | 2.33 X | ||||
| Total Debt | 15.39 M | ||||
| Debt To Equity | 3.26 % | ||||
| Current Ratio | 3.48 X | ||||
| Book Value Per Share | (4.85) X | ||||
| Cash Flow From Operations | (14.43 M) | ||||
| Earnings Per Share | (8.76) X | ||||
| Market Capitalization | 2.52 M | ||||
| Total Asset | 13.77 M | ||||
| Retained Earnings | (420.7 M) | ||||
| Working Capital | (7.14 M) | ||||
| Current Asset | 51.06 M | ||||
| Current Liabilities | 7.48 M | ||||
About Avinger Performance
Assessing Avinger's fundamental ratios provides investors with valuable insights into Avinger's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Avinger is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 342.32 | 196.50 | |
| 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 |
Things to note about Avinger performance evaluation
Checking the ongoing alerts about Avinger for important developments is a great way to find new opportunities for your next move. 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 |
- Analyzing Avinger's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Avinger's stock is overvalued or undervalued compared to its peers.
- Examining Avinger's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Avinger's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Avinger's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Avinger's stock. These opinions can provide insight into Avinger's potential for growth and whether the stock is currently undervalued or overvalued.
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.