Shares of Avinger Inc. (NASDAQ:AVGR) traded today at $2.67, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 28.7 million shares traded hands, while the average 30-day volume is approximately 29.8 million shares.
Avinger Inc is a United States-based medical device company. It is engaged in designing, manufacturing and selling image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease (PAD). The products offered by the firm include Lightbox imaging console, the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (CTO) and Pantheris, image-guided atherectomy device which is designed to allow physicians to precisely remove arterial plaque in PAD patients. It manufactures and sells products in the United States and internationally of which it generates the majority of the revenue from the sales made in the United States.
Over the past year, Avinger Inc. has traded in a range of $0.21 to $2.67 and is now at $2.26, 957% above that low.
Avinger Inc. (NASDAQ:AVGR) has potential upside of 140.7% based on a current price of $2.26 and analysts’ consensus price target of $5.44.
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