Why has Avinger Inc. (AVGR) dropped -7.52% in last trading?

Avinger Inc. (NASDAQ: AVGR) is -70.00% lower on its value in year-to-date trading and has touched a low of $0.31 and a high of $7.80 in the current 52-week trading range. The AVGR stock was last observed hovering at around $0.37 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $1.95 for the next 12 months. It is also 84.19% off the consensus price target high of $2.15 offered by 2 analysts, but current levels are 80.57% higher than the price target low of $1.75 for the same period.

Currently trading at $0.34, the stock is -20.18% and -28.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing -7.52% at the moment leaves the stock -68.31% off its SMA200. AVGR registered -94.23% loss for a year compared to 6-month loss of -69.73%. The firm has a 50-day simple moving average (SMA 50) of $0.4193 and a 200-day simple moving average (SMA200) of $0.8802.

The stock witnessed a -28.05% gain in the last 1 month and extending the period to 3 months gives it a -60.96%, and is -14.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.61% over the week and 13.09% over the month.

Avinger Inc. (AVGR) has around 81 employees, a market worth around $5.43M and $9.10M in sales. Distance from 52-week low is 10.32% and -95.62% from its 52-week high.

Avinger Inc. (AVGR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Avinger Inc. (AVGR) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Avinger Inc. is expected to release its quarterly report on 05/06/2020 and quarterly earnings per share for the current quarter are estimated at -$0.41 with sales reaching $2.56M over the same period.The EPS is expected to grow by 90.50% this year, but quarterly earnings will post 31.30% year-over-year. Quarterly sales are estimated to grow 39.10% in year-over-year returns.

Avinger Inc. (AVGR) Top Institutional Holders

20 institutions hold shares in Avinger Inc. (AVGR), with 126.77k shares held by insiders accounting for 0.75% while institutional investors hold 20.04% of the company’s shares. The shares outstanding are 15.89M, and float is at 15.89M with Short Float at 0.48%. Institutions hold 19.89% of the Float.

Avinger Inc. (AVGR) Insider Activity

A total of 33 insider transactions have happened at Avinger Inc. (AVGR) in the last six months, with sales accounting for 0 and purchases happening 33 times.