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Could Heron Therapeutics Inc. (NASDAQ: HRTX) Regain All Of Its Losses Given A -21.85% Dip From High?

During the last session, Heron Therapeutics Inc. (NASDAQ:HRTX)’s traded shares were 1.03 million, with the beta value of the company hitting 0.97. At the end of the trading day, the stock’s price was $1.29, reflecting an intraday loss of -3.01% or -$0.04. The 52-week high for the HRTX share is $5.62, that puts it down -335.66 from that peak though still a striking 17.05% gain since the share price plummeted to a 52-week low of $1.07. The company’s market capitalization is $142.60M, and the average intraday trading volume over the past 10 days was 4.22 million shares, and the average trade volume was 2.50 million shares over the past three months.

Heron Therapeutics Inc. (HRTX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. HRTX has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.23.

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Heron Therapeutics Inc. (NASDAQ:HRTX) trade information

Heron Therapeutics Inc. (HRTX) registered a -3.01% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.01% in intraday trading to $1.29 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 3.20%, and it has moved by -48.81% in 30 days. Based on these gigs, the overall price performance for the year is -62.93%. The short interest in Heron Therapeutics Inc. (NASDAQ:HRTX) is 22.3 million shares and it means that shorts have 7.91 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.92, which implies an increase of 83.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.50 and $10.00 respectively. As a result, HRTX is trading at a discount of -675.19% off the target high and -326.36% off the low.

Heron Therapeutics Inc. (HRTX) estimates and forecasts

Statistics show that Heron Therapeutics Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Heron Therapeutics Inc. (HRTX) shares have gone down -55.21% during the last six months, with a year-to-date growth rate more than the industry average at 46.11% against 13.20. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 58.20% this quarter and then jump 42.10% in the quarter after that. In the rating firms’ projections, revenue will increase 20.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $31.7 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $33.95 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $27.63 million and $26.56 million respectively. In this case, analysts expect current quarter sales to grow by 14.70% and then jump by 27.80% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.50%. While earnings are projected to return 25.40% in 2023, the next five years will return 47.50% per annum.

HRTX Dividends

Heron Therapeutics Inc. is due to release its next quarterly earnings between May 08 and May 12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Heron Therapeutics Inc. (NASDAQ:HRTX)’s Major holders

Heron Therapeutics Inc. insiders own 0.31% of total outstanding shares while institutional holders control 102.54%, with the float percentage being 102.87%. Franklin Resources, Inc. is the largest shareholder of the company, while 244 institutions own stock in it. As of Mar 30, 2023, the company held over 11.87 million shares (or 9.92% of all shares), a total value of $17.92 million in shares.

The next largest institutional holding, with 11.75 million shares, is of Rubric Capital Management LP’s that is approximately 9.82% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $17.74 million.

Also, the Mutual Funds coming in first place with the largest holdings of Heron Therapeutics Inc. (HRTX) shares are JP Morgan Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that JP Morgan Small Cap Growth Fund owns about 3.87 million shares. This amounts to just over 3.24 percent of the company’s overall shares, with a $9.67 million market value. The same data shows that the other fund manager holds slightly less at 3.27 million, or about 2.75% of the stock, which is worth about $8.19 million.

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