Avedro stock: buy or sell?

AVDR stock price: $26.77 1.40% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Avedro grew 1.40% today to $26.77 after topping to all time highs on Sep/13. On Monday AVDR plunged a spooky -5.04%.

Should I buy Avedro stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Avedro stock situation right now, hence 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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 8 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
2019-8-14JPMorgan 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

After marking all time highs on September 13th, Avedro grew 1.40% today to $26.77.

After reaching all time highs on September/13, Avedro grew 1.40% today to $26.77. On August AVDR price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On Sep 13th, AVDR hit new all time highs, pushing higher previous ATH of $26.90 recorded on Sep 12th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

AVDR stock chart (daily)

Weekly outlook

After boosting an exceptional 12.47% in a week last week, Avedro closed this week at $26.77 and remained constant a disappointing -0.34%. By mid August AVDR plummed a spooky -7.09% in just one week.

Avedro stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, AVDR might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Avedro marked last week. Early August AVDR price bounced up over the SMA of 10 weeks that acted as support stopping new slides.

AVDR stock chart (weekly)

Avedro stock price history

Avedro IPO was on February at $11.59 per share1. Since then, AVDR stock grew a 131.00%, 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 $1,310.00 today.

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

Avedro stock historical price chart

AVDR stock reached all-time highs on Sep 13th with a price of $27.51.

Avedro stock price target is $21.00

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AVDR stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 3 price predictions for Avedro stock:
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 forecast for Avedro stock is $21.00, moving in a range between $22.00 and $20.00. In average, analysts' outlook on AVDR price target is negative, downsizing the prediction by a -16.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Avedro published its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend 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

Compared to 2017, last anual turnover report draw an outstanding growth of 37.30% to $27.67 million USD. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) climbed 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 revenues for 2018-Q4, a inf% improvement compared to previous quarter. Reported quarter income marked $-6.41 M with a profit margin of -78.15%. Profit margin remained constant a 0.00% compared to previous quarter when profit margin was nan%. When comparing revenues to same quarter last year, Avedro sales marked an astounding 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 buy 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.

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

AVDR
Market cap$458.8 M
Total shares17.1 M
Float shares7.8 M
  - Institutional holdings (%)42.0%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

Avedro summary

Friday, September 20th, 2019
Open$26.27
Close$26.77
Day range$26.27 - $27.03
Previous close$26.40
Session gain1.40%
Average true range$1.11
50d mov avg$21.73
100d mov avg$19.94
200d mov avg$0.00
Daily patternlt01a
Weekly pattern lt06a

Avedro performance

To measure stock performance is always good to compare with competitors or related stocks. For Avedro, the benchmark is made against .
Stock3m6m12m
AVDRAvedro29.01%107.52%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.