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Let’s Start With The Stock Forecast For Heron Therapeutics Inc (NASDAQ: HRTX)

In the last trading session, 2.3 million Heron Therapeutics Inc (NASDAQ:HRTX) shares changed hands as the company’s beta touched 1.67. With the company’s per share price at $2.43 changed hands at $0.08 or 3.40% during last session, the market valuation stood at $364.67M. HRTX’s last price was a discount, traded about -21.4% off its 52-week high of $2.95. The share price had its 52-week low at $0.50, which suggests the last value was 79.42% up since then. When we look at Heron Therapeutics Inc’s average trading volume, we note the 10-day average is 1.97 million shares, with the 3-month average coming to 0.61.

Heron Therapeutics Inc (NASDAQ:HRTX) trade information

Instantly HRTX was in green as seen at the end of in last trading. With action 1.67%, the performance over the past five days has been green. The jump to weekly highs of 2.52 added 3.40% to the stock’s daily price. The company’s shares are showing year-to-date upside of 42.94%, with the 5-day performance at 1.67% in the green. However, in the 30-day time frame, Heron Therapeutics Inc (NASDAQ:HRTX) is 9.21% up. Looking at the short shares, we see there were 24.33 million shares sold at short interest cover period of 5.66 days.

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Heron Therapeutics Inc (HRTX) estimates and forecasts

Data shows that the Heron Therapeutics Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 40.46% over the past 6 months, a 46.11% in annual growth rate that is considerably higher than the industry average of 11.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Heron Therapeutics Inc will rise 5.90%, while the growth in revenue is estimated to hit 59.30% for the next quarter. Year-over-year growth is forecast to reach 15.00% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $30.97 million. 1 analysts are of the opinion that Heron Therapeutics Inc’s revenue for the quarter ending Mar 2024 will be $30.9 million. The company’s revenue for the corresponding quarters a year ago was $30.03 million and $29.61 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.10%. The estimates for the next quarter sales put growth at 4.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.46%. The 2024 estimates are for Heron Therapeutics Inc earnings to increase by 48.07%, but the outlook for the next 5-year period is at 47.50% per year.

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