RE:Every day downI think a lot of people share your sentiment. I and others I know have averaged down as well just to watch the stock break new lows.
Trading volume is low, however, and there is no strong rationale for the stock to continue to fall at this time. Gives some credence to the possible short game being played that some have mentioned.
Insiders continue to buy. Make of that what you will. It is not the be all end all, though it does speak to some internal confidence.
Speaking to people involved in the industry, they all continue to say Avigilon makes solid products. Albeit the sales people can be pretty snobby at times and the hardware does not integrate well with other company's products which can be a hassle.
If you believe in the company, take the Buffet approach and stop looking short-term. The volatility will continue until the company bounces back with a break-out quarter. It is up to anyone's guess if and when this will happen. Until then, do not expect the stock to jump up sustainably.
Trading at a P/S of 1.66 while on track to hit 500M next year seems pretty cheap to me. The company remains profitable and has shown the ability to reap strong gross margins. One would like to think this time next year with the Texas plant fully operationally investors will be happy again. Could be wrong. Use your own due diligence. I plan to hold or buy but my stragety is now a long-term one with AVO.