Heron Therapeutics Inc (HRTX) concluded trading on Wednesday at a closing price of $1.86, with 10.42 million shares of worth about $19.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.90% during that period and on August 14, 2024 the price saw a loss of about -8.82%. Currently the company’s common shares owned by public are about 150.29M shares, out of which, 140.42M shares are available for trading.
Stock saw a price change of -7.00% in past 5 days and over the past one month there was a price change of -49.32%. Year-to-date (YTD), HRTX shares are showing a performance of 9.41% which increased to 23.18% 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 $3.93 during that period. The average intraday trading volume for Heron Therapeutics Inc shares is 2.40 million. The stock is currently trading -32.96% below its 20-day simple moving average (SMA20), while that difference is down -40.46% for SMA50 and it goes to -24.33% lower than SMA200.
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Heron Therapeutics Inc (NASDAQ: HRTX) currently have 150.29M outstanding shares and institutions hold larger chunk of about 74.10% of that.
The stock has a current market capitalization of $282.11M and its 3Y-monthly beta is at 1.87. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 1.85. 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 10.28% while standing at 9.51% over the month.
Analysts are in expectations that Heron Therapeutics Inc (HRTX) stock would likely to be making an EPS of -0.03 in the current quarter, while forecast for next quarter EPS is -0.03 and it is 0.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.04 which is -0.03 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 -0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 84.25% while it is estimated to increase by 82.54% in next year. EPS is likely to grow at an annualized rate of 47.50% for next 5-years, compared to annual growth of 20.01% made by the stock over the past 5-years.
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 Rodman & Renshaw on June 13, 2024 offering a Buy rating for the stock and assigned a target price of $7 to it. Coverage by CapitalOne stated Heron Therapeutics Inc (HRTX) stock as an Overweight in their note to investors on April 23, 2024, suggesting a price target of $6 for the stock. On March 13, 2024, Needham Reiterated their recommendations, while on May 27, 2020, Guggenheim Initiated their ratings for the stock with a price target of $24. Stock get a Buy rating from Needham on February 20, 2020.
