Avedro stock: buy or sell?

AVDR stock price: $18.00 -5.16% At close on May 21st, 2019

Updated on:
May 21st, 2019

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After yesterday all time highs, Avedro plunged damnably to $18.00. On Friday AVDR boosted an outstanding 5.48%.

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 pick 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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Avedro stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 6 ratings published for AVDR stock in the last month.

The general sentiment of these ratings is bullish for AVDR stock, with 6 positive ratings.
Is AVDR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-11Svb Leerinkn/aOutperform
2019-3-11Leerink Swannn/aOutperform
2019-3-11JPMorgan Chase & Co.n/aOverweight
2019-3-11GuggenheimBuyBuy
2019-3-11Cowenn/aOutperform
2019-3-11Bank of American/aBuy

Avedro stock analysis

Daily outlook

Avedro plunged -5.16% today to $18.00 after marking all time highs yesterday.

Avedro plunged -5.16% today to $18.00 after topping to all time highs yesterday. From a daily perspective, AVDR is in a short term uptrend after plotting its last bottom ($12.26, on May 3rd) higher than the previous bottom, and its last top ($20.00, yesterday) also over the previous top. Now trading in between its last bottom and last top AVDR might consolidate in a plain range, waiting to break out over $20.00 or down under $12.26. Yesterday, AVDR hit new all time highs, pushing higher previous ATH of $19.78 recorded on Friday. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since price and SMA50d lines crossed up on Apr/26, AVDR climbed $5.99 (49.88%).

AVDR stock chart (daily)

Weekly outlook

Avedro set new all time highs again this week, setting highs to $20.00. Shares ended at $18.00 and plunged -5.21% during the week. Last week AVDR rocketed an extraordinary 17.38% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $14.20 resistance. Since price and SMA10w lines crossed up early May, AVDR climbed $5.50 (44.00%).

AVDR stock chart (weekly)

Avedro stock price history

Avedro IPO was on February at $11.59 per share1. Since then, AVDR stock grew a 55.30%, with an average of inf% per year. If you had invested right after AVDR's IPO a $1,000 in Avedro stock in 2019, it would worth $553.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Avedro stock historical price chart

AVDR stock reached all-time highs yesterday with a price of $20.00.

Avedro stock price target is $20.50

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 2 price forecasts for Avedro stock:
AVDR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-11Svb LeerinkInitiatesn/a$20.00-
2019-3-11GuggenheimInitiatesn/a$21.00-
(in average)$0.00$20.500.0%
Moving in a range from $21.00 and $20.00, the price target for AVDR stock is $20.50. In average, analysts' outlook on AVDR price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on March, Avedro climbed an extraordinary 50.13%. Unfortunately, reported EPS is not yet available in our database.
AVDR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q4-n/an/an/a
2018-Q3-n/an/an/a
2018-Q42019-03-21n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an exceptional increase of 37.30% to $27.67 million USD. In the same way, its profit margin (compared to revenues) rocketed to -90.78%, that is $-25.12 million.

AVDR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2016$15 M-$-16.38 M-109.8%-
2017$20 M35.17%$-21.28 M-105.6%29.92%
2018$28 M37.30%$-25.12 M-90.8%18.07%

Quarterly financial results

Avedro posted $8.21 million in revenues for 2018-Q4, a inf% improvement compared to previous quarter. Reported quarter earnings marked $-6.41 M with a profit margin of -78.15%. Profit margin remained steady a 0.00% compared to previous quarter when profit margin was nan%. When comparing sales to same quarter last year, Avedro sales marked an amazing gain and boosted a 81.97%.
AVDR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q4$5 M-$-6.68 M-148.1%-
2018-Q4$8 M81.97%$-6.41 M-78.1%-3.97%

Avedro ownership

When you are planning to invest in a stock, it's always worth to check its ownership structure.

Avedro shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.36% of all shares.

In case of Avedro stock, 42.05% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for AVDR stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

AVDR
Market cap$307.1 M
Total shares17.1 M
Float shares7.9 M
  - Institutional holdings (%)42.0%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

Avedro summary

Tuesday, May 21st, 2019
Open$19.17
Close$18.00
Day range$17.11 - $19.21
Previous close$18.98
Session gain-5.16%
Average true range$1.39
50d mov avg$13.44
100d mov avg$0.00
200d mov avg$0.00
Daily patternlt06a
Weekly pattern lb02c

Avedro performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Avedro against in the following table:
Stock3m6m12m
AVDRAvedro40.41%0.00%0.00%

Avedro competitors

Unfortunately, we could not find any public company that could be defined as Avedro competitor. This doesn't mean Avedro does not have any competitor in the market, it's just we could not detected it.