Is Avinger Inc (AVGR) Stock About to Get Hot Thursday?

Avinger Inc (AVGR) stock is lower by 42.13% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Avinger Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AVGR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AVGR Stock Today?

Avinger Inc (AVGR) stock is down -1.52% while the S&P 500 is higher by 0.28% as of 10:52 AM on Thursday, Sep 28. AVGR has fallen -$0.10 from the previous closing price of $6.57 on volume of 67,453 shares. Over the past year the S&P 500 is higher by 17.53% while AVGR has fallen -63.92%. AVGR lost -$41.56 per share in the over the last 12 months. To screen for more stocks like Avinger Inc click here.

More About Avinger Inc

Avinger Inc is a United States-based medical device company. It is engaged in designing, manufacturing and selling image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease (PAD). The products offered by the firm include Lightbox imaging console, the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (CTO) and Pantheris, image-guided atherectomy device which is designed to allow physicians to precisely remove arterial plaque in PAD patients. It manufactures and sells products in the United States and internationally of which it generates the majority of the revenue from the sales made in the United States. Click Here to get the full Stock Report for Avinger Inc stock.