Avedro stock: buy or sell?
November 20th, 2019
Should I buy Avedro stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Avedro stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Avedro stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 8 ratings published for AVDR stock in the last 30 days. The general sentiment of these ratings is bullish for AVDR stock, with 6 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-14||JPMorgan Chase & Co.||Overweight||Neutral|
|2019-8-13||Svb Leerink||Outperform||Market Perform|
|2019-3-11||JPMorgan Chase & Co.||n/a||Overweight|
|2019-3-11||Bank of America||n/a||Buy|
Avedro stock analysis
Avedro shares inched 0.48% to $22.99 on November.
Avedro closed on November at $22.99 and inched a tiny 0.48%. AVDR is soaring again after a 5.81% correction from its last top on November at $23.60. On November AVDR price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On September, AVDR hit new all time highs, pushing higher previous ATH of $26.90 recorded on September. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Avedro shares decreased -1.20% by mid November 2019, ending at $22.99. Early November AVDR plunged a dreadful -5.30% in just one week.
The downtrend marked by AVDR has left successive declining peaks and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. Not so far away is the last all-time high Avedro marked early September, but since then it dropped a 16.43%. Since early November 2019, when AVDR stock price broke down the 10-weeks moving avarage line, it slid $-0.87 per share (-3.65%).
Avedro stock price history
Avedro stock went public on February with a price of $11.591. Since then, AVDR stock grew a 98.40%, with a yearly average of inf%. If you had invested right after AVDR's IPO a $1,000 in Avedro stock in 2019, it would worth $984.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Avedro stock historical price chart
AVDR stock reached all-time highs on September with a price of $27.51.
Avedro stock price target is $21.00How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 3 price predictions for AVDR stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on March, Avedro . As soon as we get its posted EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Avedro annual sales rocketed an astounding 37.30% to $27.67 M dollars from $20.15 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 14.79% to -90.78%.
|2016||$15 M||-||$-16.38 M-109.8%||-|
|2017||$20 M||35.17%||$-21.28 M-105.6%||29.92%|
|2018||$28 M||37.30%||$-25.12 M-90.8%||18.07%|
Quarterly financial resultsAvedro posted $8.21 M in sales for 2018-Q4, a inf% up compared to previous quarter. Reported quarter earnings marked $-6.41 M with a profit margin of -78.15%. Profit margin remained stable a 0.00% compared to previous quarter when profit margin was nan%. When comparing revenues to same quarter last year, Avedro sales marked an outstanding gain and climbed a 81.97%.
|2017-Q4||$5 M||-||$-6.68 M-148.1%||-|
|2018-Q4||$8 M||81.97%||$-6.41 M-78.1%||-3.97%|
Avedro ownershipWhen you are planning to buy shares of a stock, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Avedro, of all outstanding shares are owned by its staff.
The following table compares ownership indicators for other stocks related to Avedro:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Wednesday, November 20th, 2019|
|Day range||$22.18 - $23.04|
|Average true range||$0.97|
|50d mov avg||$23.45|
|100d mov avg||$22.13|
|200d mov avg||$0.00|
Avedro performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Avedro against in the following table: