During the recent session, Heron Therapeutics Inc (NASDAQ:HRTX)’s traded shares were 1.56 million, with the beta value of the company hitting 1.80. At the last check today, the stock’s price was $1.72, reflecting an intraday loss of -5.49% or -$0.1. The 52-week high for the HRTX share is $3.93, that puts it down -128.49 from that peak though still a striking 70.93% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $260.87M, and the average intraday trading volume over the past 10 days was 1.41 million shares, and the average trade volume was 2.19 million shares over the past three months.
Heron Therapeutics Inc (HRTX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.20. HRTX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.03.
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Heron Therapeutics Inc (NASDAQ:HRTX) trade information
Heron Therapeutics Inc (HRTX) registered a -5.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.49% in intraday trading to $1.72, hitting a weekly high. The stock’s 5-day price performance is -18.87%, and it has moved by -6.52% in 30 days. Based on these gigs, the overall price performance for the year is 108.48%. The short interest in Heron Therapeutics Inc (NASDAQ:HRTX) is 31.7 million shares and it means that shorts have 15.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 75.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $9 respectively. As a result, HRTX is trading at a discount of -423.26% off the target high and -190.7% 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 -40.89% during the last six months, with a year-to-date growth rate more than the industry average at 86.25% against 19.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 82.40% this quarter and then jump 57.10% in the quarter after that. In the rating firms’ projections, revenue will increase 16.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 36.62M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 40.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 31.43M and 34.23M respectively. In this case, analysts expect current quarter sales to grow by 16.50% and then jump by 17.40% 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 20.01%. While earnings are projected to return 84.19% in 2024, the next five years will return 47.50% per annum.
HRTX Dividends
Heron Therapeutics Inc is due to release its next quarterly earnings on 2024-Nov-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 0.69% of total outstanding shares while institutional holders control 86.62%, with the float percentage being 87.22%. RUBRIC CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 232.0 institutions own stock in it. As of 2024-06-30, the company held over 26.71 million shares (or 17.6678% of all shares), a total value of $93.5 million in shares.
The next largest institutional holding, with 8.62 million shares, is of VANGUARD GROUP INC’s that is approximately 5.6984% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $30.16 million.
