Avinger, Inc. [NASDAQ:AVGR]: Analyst Rating and Earnings
Equities traders often pay a significant amount of attention to what top market analysts have to say about a potential stock investment. In regards to Avinger, Inc. [AVGR], the most recent average analyst recommendation we can read comes from the fiscal quarter ending in December. On average, stock market experts give AVGR an Buy rating. The average 12-month price forecast for this stock is $2.50, with the high estimate being $2.50, the low estimate being $2.50 and the median estimate amounting to $2.50. This is compared to its latest closing price of $0.30.
Wall Street analysts provide their ratings on a scale of 1 to 5, and the current average score for Avinger, Inc. [AVGR] is sitting at 1.00. This is compared to 1 month ago, when its average rating was 1.00.
Keep your eyes on this company’s next financial results, which are scheduled to be made public on Mon 18 Mar (In 64 Days).
Fundamental Analysis of Avinger, Inc. [AVGR]
Now let’s turn to look at profitability: with a current Operating Margin for Avinger, Inc. [AVGR] sitting at -397.69 and its Gross Margin at -27.80. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is -144.76, and its Return on Invested Capital has reached -472.80%. Its Return on Assets is -141.98.
Similarly, its Total Debt to Total Capital is 494.19, while its Total Debt to Total Assets stands at 296.55.
What about valuation? This company’s Enterprise Value to EBITDA is -1.20. The Enterprise Value to Sales for this firm is now 5.83, and its Total Debt to Enterprise Value stands at 1.01.
Shifting the focus to workforce efficiency, Avinger, Inc. [AVGR] earns $152,831 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 4.23 and its Total Asset Turnover is 0.29. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 0.14 and its Current Ratio is 0.23. This company is not investing its short-term assets in an optimally efficient way, making it a riskier investment.
Let’s now turn our attention to trading performance: Avinger, Inc. [AVGR] has 25.38M shares outstanding, amounting to a total market cap of $8.35M. Its stock price has been found in the range of 0.18 to 9.78. At its current price, it has moved by -96.63% from its 52-week high, and it has moved 82.78% from its 52-week low.
This stock’s Beta value is currently 1.47, which indicates that it is more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 60.93. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Avinger, Inc. [AVGR] a Reliable Buy?
Avinger, Inc. [AVGR] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.