Avinger - AVGR Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avinger in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVGR shares.
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2 brokerages have issued 12 month price targets for Avinger's shares. Their AVGR share price forecasts range from $9.00 to $40.00. On average, they predict the company's stock price to reach $24.50 in the next twelve months. This suggests a possible upside of 1,384.8% from the stock's current price.
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Avinger's stock was trading at $9.00 on January 1st, 2022. Since then, AVGR shares have decreased by 81.7% and is now trading at $1.65.
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Avinger is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
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Avinger will be holding an earnings conference call on Thursday, August 11th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Avinger, Inc. (NASDAQ:AVGR) announced its quarterly earnings data on Thursday, November, 11th. The medical device company reported ($1.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.40) by $0.20. The medical device company earned $2.37 million during the quarter, compared to the consensus estimate of $2.52 million. Avinger had a negative net margin of 185.01% and a negative trailing twelve-month return on equity of 143.44%. During the same period in the prior year, the business posted ($1.60) earnings per share.

Avinger shares reverse split on the morning of Tuesday, March 15th 2022. The 1-20 reverse split was announced on Tuesday, March 15th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, March 15th 2022. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avinger investors own include Bionano Genomics (BNGO), Novan (NOVN), Titan Pharmaceuticals (TTNP), Matinas BioPharma (MTNB), Zosano Pharma (ZSAN), OrganiGram (OGI), Onconova Therapeutics (ONTX), ADMA Biologics (ADMA), Aeterna Zentaris (AEZS) and Actinium Pharmaceuticals (ATNM).

(AVGR) raised $60 million in an initial public offering on Friday, January 30th 2015. The company issued 4,600,000 shares at a price of $12.00-$14.00 per share. Canaccord Genuity and Cowen and Company acted as the underwriters for the IPO and Oppenheimer, BTIG and Stephens were co-managers.

Avinger trades on the NASDAQ under the ticker symbol "AVGR."

Avinger's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Perkins Capital Management Inc. (2.08%). Insiders that own company stock include Himanshu Patel, James Cullen, Jeffrey M Soinski and Mark Weinswig.
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Shares of AVGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVGR stock can currently be purchased for approximately $1.65.

Avinger (NASDAQ:AVGR) has a market capitalization of $9.37 million and generates $10.13 million in revenue each year. The medical device company earns $-17,410,000.00 in net income (profit) each year or ($5.59) on an earnings per share basis.

Avinger employs 68 workers across the globe.

Avinger's mailing address is 400 CHESAPEAKE DRIVE, REDWOOD CITY CA, 94063. The official website for the company is www.avinger.com. The medical device company can be reached via phone at (650) 241-7900, via email at info@dawson3d.com, or via fax at 800-229-2696.