Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Avinger Inc (NASDAQ: AVGR) closed the day trading at $0.61 down -15.28% from the previous closing price of $0.72. In other words, the price has decreased by -$15.28 from its previous closing price. On the day, 0.62 million shares were traded. AVGR stock price reached its highest trading level at $0.7097 during the session, while it also had its lowest trading level at $0.5602.
Ratios:
For a better understanding of AVGR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on June 29, 2021, initiated with a Buy rating and assigned the stock a target price of $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVGR now has a Market Capitalization of 1946954 and an Enterprise Value of -1188825. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at -0.16 whereas that against EBITDA is 0.068.
Stock Price History:
Over the past 52 weeks, AVGR has reached a high of $5.45, while it has fallen to a 52-week low of $0.39. The 50-Day Moving Average of the stock is -23.28%, while the 200-Day Moving Average is calculated to be -64.40%.
Shares Statistics:
Over the past 3-months, AVGR traded about 2.04M shares per day on average, while over the past 10 days, AVGR traded about 12013860 shares per day. A total of 2.78M shares are outstanding, with a floating share count of 2.75M. Insiders hold about 17.02% of the company’s shares, while institutions hold 4.25% stake in the company. Shares short for AVGR as of 1728950400 were 122403 with a Short Ratio of 0.03, compared to 1726185600 on 93168. Therefore, it implies a Short% of Shares Outstanding of 122403 and a Short% of Float of 6.1.
