The recent interest in AVGR stock comes after PennyStock.com published an article about its top penny stock picks for January 2021. Avinger takes the top spot on that list with a price target of $1, which represents a 53% premium to its closing price on Thursday.
Avinger launched Tigereye in a limited release in the U.S. and Germany in the fourth quarter of 2020.
The company is planning to expand its release of the medical device in the U.S. in the first quarter of 2021.
This will have it reaching a full commercial distribution of Tigereye during this period with a national launch taking place this month.