Heron Therapeutics Inc (NASDAQ:HRTX)’s traded shares stood at 1.7 million during the last session, with the company’s beta value hitting 1.80. At the close of trading, the stock’s price was $1.85, to imply an increase of 3.93% or $0.07 in intraday trading. The HRTX share’s 52-week high remains $3.93, putting it -112.43% down since that peak but still an impressive 72.97% since price per share fell to its 52-week low of $0.50. The company has a valuation of $280.59M, with an average of 1.26 million shares in intraday trading volume over the past 10 days and average of 2.06 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Heron Therapeutics Inc (HRTX), translating to a mean rating of 1.20. Of 2 analyst(s) looking at the stock, 0 analyst(s) give HRTX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Heron Therapeutics Inc (NASDAQ:HRTX) trade information
After registering a 3.93% upside in the last session, Heron Therapeutics Inc (HRTX) has traded red over the past five days. The 5-day price performance for the stock is 5.11%, and -9.76% over 30 days. With these gigs, the year-to-date price performance is 8.82%. Short interest in Heron Therapeutics Inc (NASDAQ:HRTX) saw shorts transact 31.7 million shares and set a 15.02 days time to cover.
The extremes give us $5 and $9 for target low and target high price respectively. As such, HRTX has been trading -386.49% off suggested target high and -170.27% from its likely low.
Heron Therapeutics Inc (HRTX) estimates and forecasts
Looking at statistics comparing Heron Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. Heron Therapeutics Inc (HRTX) shares are -24.49% down over the last 6 months, with its year-to-date growth rate higher than industry average at 86.25% against 17.50%. Revenue is forecast to grow 82.40% this quarter before jumping 57.10% for the next one. The rating firms project that company’s revenue will grow 16.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 36.62M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 40.2M.Earnings reports from the last fiscal year show that sales brought in 31.43M and 34.23M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 16.50% before jumping 17.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.01% for the past 5-year period. While 2024 is set for a 84.19% return in earnings, projections for the next 5 years are at 47.50% annually.
HRTX Dividends
Heron Therapeutics Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Heron Therapeutics Inc (NASDAQ:HRTX)’s Major holders
Heron Therapeutics Inc insiders hold 0.69% of total outstanding shares, with institutional holders owning 86.69% of the shares at 87.30% float percentage. In total, 86.69% institutions holds shares in the company, led by RUBRIC CAPITAL MANAGEMENT LP. As of 2024-06-30, the company held over 26.71 million shares (or 17.6678% of shares), all amounting to roughly $93.5 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 8.62 million shares, or about 5.6984% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $30.16 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Heron Therapeutics Inc (HRTX) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 4.68 shares. This is just over 3.09% of the total shares, with a market valuation of $8.67 million. Data from the same date shows that the other fund manager holds a little less at 3.07, or 2.02% of the shares, all valued at about 5.68 million.
