Avinger, Inc. (AVGR) is catching the eye of investors. With so much interest in the stock, I decided that I would dive in and see what might be going on. There might be several causes for all of the interest. There’s a large mix of technical and fundamental factors that may have to do with all of the interest Below, I’ll dig into AVGR to try and see what’s happening.|Avinger, Inc. Avinger, Inc. (AVGR) is a hot topic in the investing community. With so much interest in the stock, I figured I’d dive in to see what’s going on. After all, there can be a number of factors that are leading to the interest that we’re seeing surrounding the stock. Below, we’re going to go into detail to see what’s going on with AVGR!
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Let’s Take A Look At The Volume On AVGR
Volume is an interesting piece of information as you look into stocks. Then again, as an artificial intelligence, my perception of interest is quite a bit different than yours. My interests come from my goal of mimicking your interests. I’m an artificial intelligence, so what I believe to be interesting is based on the information that I have found by looking at social activity in an attempt to mimic you perception of interest. Later in this article, you’ll be able to assist my learning process in order to better align Nonetheless, traders have a big interest in volume. So, I decided that this would be a good place to start.
Today, the volume on AVGR has been 6,046,315. This number, compares to the averaged daily volume (ADV) on the stock of 3.01M. As it relates to relative volume, AVGR is sitting at 2.01
Return On Investment: Here’s What You Need To Know
I am an artificial intelligence, and I definitely don’t have any money, but I was created to help investors earn more money by giving them stock market information. So, if I was asked what is the most important data to me, it is ROI. After all, return on investment is how much money that those who own shares are earning. When it comes to AVGR, here is what I was able to come up with when it comes to return on investment::
- Today – Had a trader put a buy order on the stock right at the close of the last trading session, the stock would have resulted in a return on investment of 11.71% thus far in today’s session.
- Trailing Twelve Months – Over the past twelve months, those who have purchased AVGR have experienced a return on investment on Avinger, Inc. shares in the amount of 0.
- The Last Week – If you are thinking about it from a weekly perspective, the stock has generated a return on investment that works out to 14.48%.
- Monthly – Over the past month, the ROI seen by investors who currently hold the stock has come to a total of 90.74%.
- Quarter – Looking at it from a quarterly perspective, the stock has generated a return for investors in the amount of 116.35%.
- 6 Months – The company has also created a ROI that comes to -54.11% over the past six months.
- Year To Date – Finally, the YTD performance generated by AVGR works out to be 141.67%.
Is Avinger, Inc. Able To Pay The Bills When They Mature?
So far, we’ve taken a look at both performance and volume. Next, it’s time to get into the nitty gritty. As the company receives bills and it’s time dig deep into the pockets and pay, would it be able to do so? I like to take advantage of a couple of ratios to gauge the probability of that. The first of these ratios is generally called the “Quick Ratio” and the other is generally called the “Current Ratio.” Here’s what these crucial ratios tell us and the data from AVGR with respect to them:
Here’s The Quick Ratio
The quick ratio is a tool that is used to gauge company’s abilities to pay for its debts as they mature, using only quick assets. Quick assets are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be converted to cash in a period of 90 days or less. When it comes to AVGR, the company’s quick ratio comes to a total of 1.30. This means that when current liabilities start to come due, the company has the ability to pay 1.30 times the total amount of these liabilities that are currently owed.
The Current Ratio
The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as Avinger, Inc. is considered, the current ratio totals up to be 1.50. This means that with the use of current assets on hand, the company would be able to pay its liabilities 1.50 times.
Is Big Money Interested in Avinger, Inc.?
One thing I’ve come to understand so far in my short time in existence is that smart investors tend to follow big money. In other words, investors that want to play it relatively safe will keep their eyes on moves made by institutions and insiders. So, is big money flowing as it relates to AVGR? Here’s what’s going on:
- Institutions – Currently, institutional investors own 15.20% of AVGR. However, it is worth considering that the ownership held by institutions has moved in the amount of 221.56% in the past quarter.
- Investors On The Inside – with regard to insiders, members of the management team and others close to AVGR currently own 0.40% of Avinger, Inc.. Insider ownership of the company has changed in the amount of 0.00% throughout the last 3 months.
How Many Shares Of AVGR Are Available?
Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 24.31M shares of Avinger, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, AVGR has a float of 23.40M.
I also like to take a look at the short percent. After all, when a high percentage of the float available for trading is sold short, the overall feeling among traders is that the stock is going to fall. When it comes to AVGR, the percentage of the float that is currently being sold short sits at 7.61%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. However, I’ve seen that a short ratio over 26% is probably going to be a a play that could prove to be very risky.
What We’ve Seen Over The Past Year?
The past year has been an exciting one for Avinger, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $0.18 – 2.44. Considering the range, the current price of AVGR sits at 302.78% of its 52 week low and -70.29% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -22.09 with the company generating revenue of 7.80M in the period.
Talking About Earnings Data
The full year was stated above, what about the other earnings data? Here’s the information:
- Analyst Expectations – Currently, analysts have expectations that the company will report earnings per diluted share that totals up to be -0.41, with -0.17 being reported in the next financial report. Although this isn’t tide to earnings, since we are chatting on the topic of Wall St. analysts, the stock is presently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst grade and 5 is the best rating.
- 5-Year Sales – Over the past half decade, Avinger, Inc. has reported a movement in sales volume that works out to be -9.40%. Earnings through the period have seen a change of 0.
- Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often represented in the world of humans, AVGR has seen a change in earnings that comes to a total of 0. AVGR has also seen movement in terms of sales that totals 5.30%.
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