27 institutions hold shares in Avinger Inc. (AVGR), with 1.15M shares held by insiders accounting for 1.21% while institutional investors hold 8.05% of the company’s shares. The shares outstanding are 95.30M, and float is at 94.92M with Short Float at 2.14%. Institutions hold 7.95% of the Float.
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The top institutional shareholder in the company is Perkins Capital Management, Inc. with over 2.34 million shares valued at $1.03 million. The investor’s holdings represent 2.45% of the AVGR Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.58 million shares valued at $0.69 million to account for 1.65% of the shares outstanding. The other top investors are Gsa Capital Partners Llp which holds 0.46 million shares representing 0.48% and valued at over $0.2 million, while Spectrum Asset Management, Inc. (NB/CA) holds 0.31% of the shares totaling 0.3 million with a market value of $0.13 million.
Avinger Inc. (NASDAQ: AVGR) is 224.93% higher on its value in year-to-date trading and has touched a low of $0.21 and a high of $2.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVGR stock was last observed hovering at around $1.46 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $2.50 for the next 12 months. It is also 42.8% off the consensus price target high of $2.50 offered by 1 analysts, but current levels are 42.8% higher than the price target low of $2.50 for the same period.
Currently trading at $1.43, the stock is -11.76% and -14.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing -2.05% at the moment leaves the stock 88.34% off its SMA200. AVGR registered 191.84% gain for a year compared to 6-month gain of 344.79%. The firm has a 50-day simple moving average (SMA 50) of $1.6567 and a 200-day simple moving average (SMA200) of $0.8994.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 114.49%, and is -7.74% 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 6.46% over the week and 9.49% over the month.
Avinger Inc. (AVGR) has around 75 employees, a market worth around $131.07M and $8.80M in sales. Distance from 52-week low is 568.54% and -46.44% 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 “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.50, where 0 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 08/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $2.5M over the same period.The EPS is expected to grow by 85.40% this year, but quarterly earnings will post 29.70% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.
Avinger Inc. (AVGR) Insider Activity
A total of 1 insider transactions have happened at Avinger Inc. (AVGR) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by SOINSKI JEFFREY M, the company’s Chief Executive Officer. SEC filings show that SOINSKI JEFFREY M sold 9,145 shares of the company’s common stock on Sep 22 at a price of $0.33 per share for a total of $3022.0. Following the sale, the insider now owns 74738.0 shares.
Avinger Inc. disclosed in a document filed with the SEC on Sep 22 that Patel Himanshu (Chief Technology Officer) sold a total of 6,097 shares of the company’s common stock. The trade occurred on Sep 22 and was made at $0.33 per share for $2015.0. Following the transaction, the insider now directly holds 58409.0 shares of the AVGR stock.
Still, SEC filings show that on Sep 22, WEINSWIG MARK (Chief Financial Officer) disposed off 6,097 shares at an average price of $0.33 for $2015.0. The insider now directly holds 55,382 shares of Avinger Inc. (AVGR).