Analyzing Avinger (NASDAQ:AVGR) and Cardiovascular Systems (CSII)

Avinger (NASDAQ:AVGR) and Cardiovascular Systems (NASDAQ:CSII) are both small-cap medical companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, valuation and profitability.

Institutional and Insider Ownership

1.5% of Avinger shares are owned by institutional investors. Comparatively, 84.6% of Cardiovascular Systems shares are owned by institutional investors. 1.5% of Avinger shares are owned by company insiders. Comparatively, 3.3% of Cardiovascular Systems shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current recommendations for Avinger and Cardiovascular Systems, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Avinger 0 0 1 0 3.00
Cardiovascular Systems 0 3 4 0 2.57

Cardiovascular Systems has a consensus price target of $37.00, suggesting a potential upside of 6.75%. Given Cardiovascular Systems’ higher probable upside, analysts plainly believe Cardiovascular Systems is more favorable than Avinger.

Volatility & Risk

Avinger has a beta of 0.86, indicating that its share price is 14% less volatile than the S&P 500. Comparatively, Cardiovascular Systems has a beta of 2.49, indicating that its share price is 149% more volatile than the S&P 500.

Profitability

This table compares Avinger and Cardiovascular Systems’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Avinger -477.76% N/A -178.69%
Cardiovascular Systems 0.79% 1.36% 0.88%

Earnings and Valuation

This table compares Avinger and Cardiovascular Systems’ revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Avinger $9.93 million 1.34 -$48.73 million ($70.07) -0.02
Cardiovascular Systems $217.04 million 5.54 $1.71 million $0.05 693.20

Cardiovascular Systems has higher revenue and earnings than Avinger. Avinger is trading at a lower price-to-earnings ratio than Cardiovascular Systems, indicating that it is currently the more affordable of the two stocks.

Summary

Cardiovascular Systems beats Avinger on 13 of the 14 factors compared between the two stocks.

About Avinger

Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures. The company's lumivascular products comprise Lightbox imaging consoles, as well as the Ocelot family of catheters, which are designed to penetrate a total blockage in an artery; and Pantheris, an image-guided atherectomy device that allows physicians to precisely remove arterial plaque in PAD patients. In addition, its first-generation chronic total occlusion (CTO)-crossing catheters, Wildcat, and Kittycat 2, which employs a proprietary design that uses a rotational spinning technique allowing the physician to switch between passive and active modes when navigating across a CTO. The company sells and markets its products to interventional cardiologists, vascular surgeons, and interventional radiologists. Avinger, Inc. was founded in 2007 and is headquartered in Redwood City, California.

About Cardiovascular Systems

Cardiovascular Systems, Inc., a medical device company, develops, manufactures, and commercializes various devices to treat vascular and coronary diseases in the United States. The company offers peripheral arterial disease products, including Diamondback 360 Peripheral, Predator 360, Stealth 360 Peripheral Orbital Atherectomy System (OAS), Diamondback 360 60cm Peripheral OAS, Diamondback 360 Low Profile Peripheral, Diamondback 360 1.50 Peripheral, Diamondback 360 2.00 Peripheral, Diamondback 360 200cm Peripheral, and Diamondback 360 180cm Peripheral, which are catheter-based platforms for treating a range of plaque types in leg arteries above and below the knee, including calcified plaque, as well as address various limitations associated with surgical, catheter, and pharmacological treatment alternatives. It also provides Diamondback 360 Coronary OAS, an atherectomy device for the treatment of calcified coronary arteries. Cardiovascular Systems, Inc. was founded in 1989 and is headquartered in St. Paul, Minnesota.

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