Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Avinger Inc’s stock clocked out at $0.60, down -25.24% from its previous closing price of $0.80. In other words, the price has decreased by -$25.24 from its previous closing price. On the day, 1.27 million shares were traded. AVGR stock price reached its highest trading level at $0.6549 during the session, while it also had its lowest trading level at $0.5648.
Ratios:
To gain a deeper understanding of AVGR’s stock, we examine 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 1919460 and an Enterprise Value of -1188825. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -0.16 whereas that against EBITDA is 0.068.
Stock Price History:
The Beta on a monthly basis for AVGR is 1.12, which has changed by -0.7101083 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 -23.37%, while the 200-Day Moving Average is calculated to be -64.20%.
Shares Statistics:
It appears that AVGR traded 2.24M shares on average per day over the past three months and 1713950 shares per day over the past ten days. 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 0.10, compared to 1726185600 on 93168. Therefore, it implies a Short% of Shares Outstanding of 122403 and a Short% of Float of 6.1.
