Overdone Or More To Come? Avinger, Inc. (AVGR)

Wall Street analysts will be watching closely when Avinger, Inc. (NASDAQ:AVGR) reports its quarterly earnings next, which is scheduled for Mon 18 Mar (In 64 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.26 per share. In the preceding quarter, the company reportedly generated EPS of -$0.56 per share of its common stock. Looking at profitability indicators, this organization has a gross margin of 12.90%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Avinger, Inc. (NASDAQ:AVGR). Most recently, on March 9th, 2018, Ladenburg Thalmann Initiated a Buy rating. Before that, on April 12th, 2017, Oppenheimer Downgrade to Perform. Canaccord Genuity Downgrade a Hold rating on April 11th, 2017, Dougherty & Company Downgrade an Neutral rating on December 29th, 2015, and Dougherty & Company Reiterated a Buy rating on May 8th, 2015.

At its current price point, combined with the fact that this company has 21.58M shares outstanding, the current market capitalization sits at 7.10M. In the last trading day, 4,204,730 shares of Avinger, Inc. were traded, which compares to its usual volume of about 1.69M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.07 in the past five trading days, resulting in a percentage change of +26.92% and a moving average of 0.30. In the past 20 days, its price changed by -$0.01 (which is -2.65%) and the stock’s moving average was 0.27. Looking back a full 50 days, shares of AVGR changed by -$0.26 (which is -44.07%) and demonstrated a moving average of 0.30.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 85.54%, a 14-day Stochastic %K score of 86.81% and a 20-day Stochastic %K score of 74.07%. Using a similar metric, Avinger, Inc. (AVGR) shares showed a Stochastic %D of 83.93% over the past 9 days, a Stochastic %D score of 83.24% over the last 14 days, and a 20-day Stochastic %D of 69.75%. Meanwhile, this stock’s MACD Oscillator was 0.02 over the past 9 days, 0.05 over the past two weeks, and 0.04 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $0.33 level. Over the past 12 months, this stock has experienced a high price of $9.78 and a low of $0.18. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Renaissance Technologies LLC purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Avinger, Inc. (NASDAQ:AVGR) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 123,173 shares of the company’s stock following the addition of 33,800 to this investor’s holdings during the three-month period. This share count represents that Renaissance Technologies LLC now held 0.53% stake in Avinger, Inc. (AVGR)’s shares.

Just in the most recent trading day, Avinger, Inc. (NASDAQ:AVGR) experienced a high price of $0.34 and low point of $0.29. At the end of the last trading session, this stock was at 0.33 per share, following a loss of 9.08% during the full day.