Avinger, Inc. (AVGR): We’ve Only Just Begun

The stock of Avinger, Inc. (NASDAQ:AVGR) has been Initiated to Buy by Ladenburg Thalmann in its latest research note that was published on March 09. Oppenheimer analysts have downgraded their rating of AVGR stock from Outperform to Perform in a separate flash note to investors on April 12. Analysts at Canaccord Genuity downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to April 11.

Avinger, Inc., which has current market capitalization of above $12 Million, published its last quarter earnings on June 30, 2019.

AVGR surged by $0.10 during the normal trading session on Thursday and reaching a high of $1.24 during the day while it closed the day at $1.13. The Avinger, stock had a low trading volume of 2.41 million shares on that day, which is low compared to the average daily volume of 348.39M shares. AVGR has also lost 0.44% of its value over the past 7 days. However, the stock has declined by 75.33% in the 3 months of the year. Over the past six months meanwhile, it has lost 84.41% while it has lost 62.33% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -76.94% from its 3 months high price. However, taking another look at AVGR will indicate that it is trading +8.65% away from its 90-day low. Looking at the bigger picture, the Avinger, Inc. stock has dropped by -92.76% from its 52-week high while it has surged by +8.65% from its 52-week low price.

Avinger, has around 15 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $14 Billion. The Avinger, stock is bringing in revenue of over 12 months, which is roughly 2 Billion. Despite all that, Avinger, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 12.68%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 4.27%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 12.16%. Over the past 20 days, Avinger,’s Stochastic %K stood at 13.44% while its Stochastic %D was revealed to be 13.11%.