Heron Therapeutics Inc (NASDAQ:HRTX) has a beta value of 1.80 and has seen 2.47 million shares traded in the last trading session. The company, currently valued at $279.07M, closed the last trade at $1.84 per share which meant it gained $0.02 on the day or 1.10% during that session. The HRTX stock price is -113.59% off its 52-week high price of $3.93 and 72.83% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.49 million shares traded. The 3-month trading volume is 2.19 million shares.
The consensus among analysts is that Heron Therapeutics Inc (HRTX) is Buy stock at the moment, with a recommendation rating of 1.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
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Heron Therapeutics Inc (NASDAQ:HRTX) trade information
Sporting 1.10% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HRTX stock price touched $1.84 or saw a rise of 13.62%. Year-to-date, Heron Therapeutics Inc shares have moved 8.24%, while the 5-day performance has seen it change -13.21%. Over the past 30 days, the shares of Heron Therapeutics Inc (NASDAQ:HRTX) have changed 0.00%. Short interest in the company has seen 31.7 million shares shorted with days to cover at 15.02.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 73.71% from current levels. The projected low price target is $5.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -389.13% off the targeted high while a plunge would see the stock gain -171.74% from current levels.
Heron Therapeutics Inc (HRTX) estimates and forecasts
Figures show that Heron Therapeutics Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -36.77% over the past 6 months, with this year growth rate of 86.25%, compared to 19.10% for the industry. Revenue growth from the last financial year stood is estimated to be 16.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of 36.62M for the current quarter. 4 have an estimated revenue figure of 40.2M for the next ending quarter. Year-ago sales stood 31.43M and 34.23M respectively for this quarter and the next, and analysts expect sales will grow by 16.50% for the current quarter and 16.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.01% over the past 5 years. Earnings growth for 2024 is a modest 84.19% while over the next 5 years, the company’s earnings are expected to increase by 47.50%.
HRTX Dividends
Heron Therapeutics Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Heron Therapeutics Inc (NASDAQ:HRTX)’s Major holders
Insiders own 0.69% of the company shares, while shares held by institutions stand at 86.62% with a share float percentage of 87.22%. Investors are also buoyed by the number of investors in a company, with Heron Therapeutics Inc having a total of 231.0 institutions that hold shares in the company. The top two institutional holders are RUBRIC CAPITAL MANAGEMENT LP with over 26.71 million shares worth more than $93.5 million. As of 2024-06-30, RUBRIC CAPITAL MANAGEMENT LP held 17.6678% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 8.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $30.16 million and represent 5.6984% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.09% shares in the company for having 4.68 shares of worth $8.62 million while later fund manager owns 3.16 shares of worth $5.81 million as of Aug 31, 2024 , which makes it owner of about 2.08% of company’s outstanding stock.
