Avedro stock: buy or sell?

AVDR stock price: $22.99 0.48% At close on November 20th, 2019

Updated on:
November 20th, 2019

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Avedro shares inched 0.48% to $22.99 on November.

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.

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?

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.
Is AVDR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-14JPMorgan Chase & Co.OverweightNeutral
2019-8-13Svb LeerinkOutperformMarket Perform
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 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.

AVDR stock chart (daily)

Weekly outlook

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%).

AVDR stock chart (weekly)

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 $21.00

How 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:
AVDR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-13Svb LeerinkReiterates$25.00$22.00-12%
2019-3-11Svb LeerinkInitiatesn/a$20.00-
2019-3-11GuggenheimInitiatesn/a$21.00-
(in average)$25.00$21.00-16.0%
The price prediction for Avedro stock is $21.00, moving in a range between $22.00 and $20.00. In average, analysts' outlook on AVDR price forecast is negative, reducing the prediction by a -16.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
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 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%.

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% 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%.
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 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:

AVDR
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Avedro summary

Wednesday, November 20th, 2019
Open$22.91
Close$22.99
Day range$22.18 - $23.04
Previous close$22.88
Session gain0.48%
Average true range$0.97
50d mov avg$23.45
100d mov avg$22.13
200d mov avg$0.00
Daily patternlb01a
Weekly pattern lt02a

Avedro performance

Stocks 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:
Stock3m6m12m
AVDRAvedro8.60%26.04%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.