Avedro stock: buy or sell?
September 20th, 2019
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.
|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?
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.
|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
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.
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.
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 $21.00Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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%.
|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 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:
|Market cap||$458.8 M|
|Total shares||17.1 M|
|Float shares||7.8 M|
|- Institutional holdings (%)||42.0%|
|- Insider holdings (%)||0.4%|
|Shares in short selling||0.0%|
|Friday, September 20th, 2019|
|Day range||$26.27 - $27.03|
|Average true range||$1.11|
|50d mov avg||$21.73|
|100d mov avg||$19.94|
|200d mov avg||$0.00|
Avedro performanceTo measure stock performance is always good to compare with competitors or related stocks. For Avedro, the benchmark is made against .