Avinger Inc Cmn (NASDAQ:AVGR) shares traded -29.63% down during most recent session to reach at the closing price of $0.28. The stock exchanged hands 2.03 Million shares versus average trading capacity of 1.34 Million shares, yielding a market cap of $6.6 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.67 within the next 52-weeks. The mean target projections are based on 3 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Avinger Inc Cmn (NASDAQ:AVGR) high price target of $5 and with a conservative view have low price target of $1.
Oppenheimer “Downgrades” Avinger Inc Cmn (NASDAQ:AVGR) in a research note issued to investors on 4/12/17 to Perform with price target of $0.
Additionally on 4/11/17 Canaccord Genuity “Downgrades” Avinger Inc Cmn (NASDAQ:AVGR) to Hold setting price target at $1 and on 12/29/15 Dougherty “Downgrades” the stock to Neutral. Furthermore on 4/29/15 Dougherty “Initiates Coverage on” the stock to Buy at $16.
On the other hand the company has Relative Strength Index (RSI 14) of 27.22 along with Average True Range (ATR 14) of 0.06, Consequently Avinger Inc Cmn (NASDAQ:AVGR)’s weekly and monthly volatility is 16.50%, 10.38% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Avinger Inc Cmn (NASDAQ:AVGR) has analysts’ mean recommendation of 2.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Avinger Inc Cmn (NASDAQ:AVGR)’s minimum EPS for the current quarter is at $-0.37 and can go high up to $-0.37. The consensus mean EPS for the current quarter is at $-0.37 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.73 earnings per share for the same quarter during last year.
Previously Avinger Inc Cmn (NASDAQ:AVGR) reported $-0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.47 by $-0.04. The company posted an earnings surprise of -8.5%.
Avinger Inc Cmn (NASDAQ:AVGR)’s revenue estimates for the current quarter are $2.8 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $2.8 Million in contradiction of low revenue estimates of $2.8 Million. For the current year the company’s revenue estimates are $12.5 Million compared to low analyst estimates of $12.5 Million and high estimates of $12.5 Million according to 1 number of analysts.
Currently Avinger Inc Cmn (NASDAQ:AVGR)’s shares owned by insiders are 1.8%, whereas shares owned by institutional owners are 38.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -34.98%.
Avinger Inc Cmn (NASDAQ:AVGR) 52-week high price stands at $5.15 and low price stands at $0.35, its price distance from 52-week high is -94.52% while its distance from 52-week low price is -19.37%. The stock hit its 52-week high on 10/07/16, and 52-week low on 08/10/17.
Avinger Inc Cmn (NASDAQ:AVGR)’s trailing twelve month revenues are $18.2 Million, whereas its price to sales ratio for the same period is 0.36. Its book value per share for the most recent quarter is $-0.39 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.98, however its price to cash per share ratio for the same period is 0.29. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.