Avedro stock: buy or sell?

AVDR stock price: $19.45 -1.22% At close on July 15th, 2019

Updated on:
July 15th, 2019

0

Avedro ended today at $19.45 and decreased a bad -1.22%.

Should I buy Avedro stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Avedro stock situation right now, therefore this is not a suitable entry point.

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?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 6 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.
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 decreased a bad -1.22% and closed at $19.45.

Shares of Avedro decreased a bad -1.22% and closed at $19.45. Since price and SMA50d lines crossed up on April, AVDR climbed $7.44 (61.95%). On Jun/20, AVDR hit new all time highs, pushing higher previous ATH of $21.97 recorded on Jun/19. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

AVDR stock chart (daily)

Weekly outlook

Avedro shares slightly fell -1.22% this week, ending at $19.45. Late June AVDR plunged a dreadful -5.65% in just one week. By mid June AVDR skyrocketed a great 5.32% in just one week.

Avedro stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Avedro marked by mid June. This week, Avedro stock undercut the significant level of the 10-weeks moving average.

AVDR stock chart (weekly)

Avedro stock price history

Avedro IPO was on February at $11.59 per share1. Since then, AVDR stock grew a 67.80%, 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 $678.00 today.

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

Avedro stock historical price chart

AVDR stock reached all-time highs on June 20th with a price of $22.52.

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, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 2 price targets 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 prediction for AVDR stock is $20.50. In average, analysts' outlook on AVDR price forecast 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 62.22%. As soon as we get its actual EPS from the earnings report, we will extend this report.
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

In 2018, Avedro annual revenues climbed an extraordinary 37.30% to $27.67 M dollars from $20.15 marked in 2017. In the same way, its profit margin (compared to revenues) boosted 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 M in sales for 2018-Q4, a inf% improvement compared to previous quarter. Reported quarter earnings marked $-6.41 million 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 sales to same quarter last year, Avedro sales marked an astounding growth and skyrocketed 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 shares of a company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Avedro, 0.36% of all outstanding shares are owned by its staff.

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.

The following table compares ownership indicators for other stocks related to Avedro:

AVDR
Market cap$332.8 M
Total shares17.1 M
Float shares7.9 M
  - Institutional holdings (%)42.0%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

Avedro summary

Monday, July 15th, 2019
Open$19.93
Close$19.45
Day range$19.16 - $20.00
Previous close$19.69
Session gain-1.22%
Average true range$1.10
50d mov avg$18.40
100d mov avg$15.45
200d mov avg$0.00
Daily patternlt11a
Weekly pattern lt06a

Avedro performance

To measure stock performance is always good to compare with competitors or related stocks. We picked as the bechmarking frame for Avedro stock.
Stock3m6m12m
AVDRAvedro61.95%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.