Heron Therapeutics Inc (HRTX) concluded trading on 12/28/23 at a closing price of $1.74, with 2.22 million shares of worth about $3.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.46% during that period and on Thursday the price saw a gain of about 4.19%. Currently the company’s common shares owned by public are about 150.07M shares, out of which, 147.86M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the HRTX stock and their offered price forecasts bring an average price target of $5.63. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $2.50. The stock’s current price level is 69.04% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.4% for the stock. However, touching the estimated high of $9.00 would mean a gain of 80.67% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 2,947,657 shares in 31 of the transactions. In 15 selling transactions, insiders dumped 38,427 shares.
Stock saw a price change of 7.41% in past 5 days and over the past one month there was a price change of 43.21%. Year-to-date (YTD), HRTX shares are showing a performance of -30.40% which decreased to -25.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $3.41 during that period. The average intraday trading volume for Heron Therapeutics Inc shares is 3.15 million. The stock is currently trading 9.71% above its 20-day simple moving average (SMA20), while that difference is up 54.99% for SMA50 and it goes to 18.46% higher than SMA200.
Heron Therapeutics Inc (NASDAQ: HRTX) currently have 150.07M outstanding shares and institutions hold larger chunk of about 78.75% of that.
The stock has a current market capitalization of $261.12M and its 3Y-monthly beta is at 1.63. It has posted earnings per share of -$0.97 in the same period. It has Quick Ratio of 1.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HRTX, volatility over the week remained 8.20% while standing at 9.64% over the month.
Analysts are in expectations that Heron Therapeutics Inc (HRTX) stock would likely to be making an EPS of $Vertex Pharmaceuticals Incorpor in the current quarter, while forecast for next quarter EPS is $409.27 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Heron Therapeutics, Inc. which is $Karuna Therapeutics, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Mirati Therapeutics, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 44.76% while it is estimated to increase by 58.54% in next year. EPS is likely to grow at an annualized rate of 47.50% for next 5-years, compared to annual growth of 14.46% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Heron Therapeutics Inc (HRTX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on May 27, 2020 offering a Buy rating for the stock and assigned a target price of $24 to it.
