Avinger Performance
| AVGRDelisted Stock | USD 0.47 0.09 16.07% |
Avinger holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.37, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Avinger are expected to decrease by larger amounts. On the other hand, during market turmoil, Avinger is expected to outperform it. Use Avinger total risk alpha and the relationship between the potential upside and day typical price , to analyze future returns on Avinger.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Avinger are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Even with relatively conflicting technical and fundamental indicators, Avinger reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 14.6 M |
Avinger |
Avinger Relative Risk vs. Return Landscape
If you would invest 49.00 in Avinger on December 18, 2024 and sell it today you would lose (2.00) from holding Avinger or give up 4.08% of portfolio value over 90 days. Avinger is currently generating 2.3958% in daily expected returns and assumes 26.4072% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Avinger, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Avinger Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avinger's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Avinger, and traders can use it to determine the average amount a Avinger's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0907
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Estimated Market Risk
| 26.41 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.4 actual daily | 47 53% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Avinger is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Avinger by adding it to a well-diversified portfolio.
Avinger Fundamentals Growth
Avinger Stock prices reflect investors' perceptions of the future prospects and financial health of Avinger, and Avinger fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Avinger Stock performance.
| Return On Equity | -14.76 | ||||
| Return On Asset | -0.7 | ||||
| Profit Margin | (2.56) % | ||||
| Operating Margin | (2.22) % | ||||
| Current Valuation | 1.21 M | ||||
| Shares Outstanding | 3.2 M | ||||
| Price To Earning | (0.13) X | ||||
| Price To Book | 0.39 X | ||||
| Price To Sales | 0.21 X | ||||
| Revenue | 7.65 M | ||||
| EBITDA | (16.35 M) | ||||
| Cash And Equivalents | 17.34 M | ||||
| Cash Per Share | 2.33 X | ||||
| Total Debt | 15.39 M | ||||
| Debt To Equity | 3.26 % | ||||
| Book Value Per Share | 1.39 X | ||||
| Cash Flow From Operations | (14.43 M) | ||||
| Earnings Per Share | (8.76) X | ||||
| Total Asset | 13.77 M | ||||
| Retained Earnings | (420.7 M) | ||||
| Current Asset | 51.06 M | ||||
| Current Liabilities | 7.48 M | ||||
About Avinger Performance
Assessing Avinger's fundamental ratios provides investors with valuable insights into Avinger's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Avinger is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease in the United States and internationally. Avinger, Inc. was incorporated in 2007 and is headquartered in Redwood City, California. Avinger operates under Medical Instruments Supplies classification in the United States and is traded on NASDAQ Exchange. It employs 68 people.Things to note about Avinger performance evaluation
Checking the ongoing alerts about Avinger for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Avinger help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Avinger is not yet fully synchronised with the market data | |
| Avinger is way too risky over 90 days horizon | |
| Avinger has some characteristics of a very speculative penny stock | |
| Avinger appears to be risky and price may revert if volatility continues | |
| Avinger has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 7.65 M. Net Loss for the year was (18.32 M) with profit before overhead, payroll, taxes, and interest of 1.52 M. | |
| Avinger currently holds about 17.34 M in cash with (14.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Avinger's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Avinger's stock is overvalued or undervalued compared to its peers.
- Examining Avinger's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Avinger's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Avinger's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Avinger's stock. These opinions can provide insight into Avinger's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Consideration for investing in Avinger Stock
If you are still planning to invest in Avinger check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Avinger's history and understand the potential risks before investing.
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