Analysts Are Revising Their Forecasts Avinger (NASDAQ:AVGR)

Earnings results for Avinger (NASDAQ:AVGR)

Avinger, Inc. is expected* to report earnings on 11/10/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. The reported EPS for the same quarter last year was $-0.7.

Analyst Opinion on Avinger (NASDAQ:AVGR)

2 Wall Street analysts have issued ratings and price targets for Avinger in the last 12 months. Their average twelve-month price target is $1.00, predicting that the stock has a possible upside of 286.70%. The high price target for AVGR is $1.00 and the low price target for AVGR is $1.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Avinger has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $1.00, Avinger has a forecasted upside of 286.7% from its current price of $0.26. Avinger has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Avinger (NASDAQ:AVGR)

Avinger does not currently pay a dividend. Avinger does not have a long track record of dividend growth.

Insiders buying/selling: Avinger (NASDAQ:AVGR)

In the past three months, Avinger insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,055.00 in company stock. Only 0.64% of the stock of Avinger is held by insiders. Only 8.59% of the stock of Avinger is held by institutions.

Earnings and Valuation of Avinger (NASDAQ:AVGR

Earnings for Avinger are expected to grow in the coming year, from ($0.69) to ($0.36) per share. The P/E ratio of Avinger is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Avinger is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Avinger has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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