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Heron Therapeutics Inc (HRTX) – Don’t Be So Quick to Call it Dead

Heron Therapeutics Inc (NASDAQ: HRTX) is 78.82% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $3.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HRTX stock was last observed hovering at around $2.93 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $3.04, the stock is -7.34% and -4.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 3.58% at the moment leaves the stock 37.86% off its SMA200. HRTX registered 133.85% gain for a year compared to 6-month gain of 45.45%.

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The stock witnessed a -15.56% loss in the last 1 month and extending the period to 3 months gives it a 8.57%, and is 10.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.27% over the week and 7.98% over the month.

Heron Therapeutics Inc (HRTX) has around 126 employees, a market worth around $457.98M and $132.10M in sales. Profit margin for the company is -61.28%. Distance from 52-week low is 508.00% and -22.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.90%).

The EPS is expected to grow by 85.89% this year

The shares outstanding are 150.29M, and float is at 139.45M with Short Float at 21.85%.

Heron Therapeutics Inc (HRTX) Insider Activity

The most recent transaction is an insider purchase by Forbes William P, the company’s EVP, Chief Development Officer. SEC filings show that Forbes William P bought 25,000 shares of the company’s common stock on Nov 17 ’23 at a price of $1.09 per share for a total of $27250.0. Following the purchase, the insider now owns 79000.0 shares.

Heron Therapeutics Inc disclosed in a document filed with the SEC on Nov 16 ’23 that Collard Craig A (Chief Executive Officer) bought a total of 150,000 shares of the company’s common stock. The trade occurred on Nov 16 ’23 and was made at $0.92 per share for $0.14 million. Following the transaction, the insider now directly holds 0.19 million shares of the HRTX stock.

Still, SEC filings show that on Nov 16 ’23, Duarte Ira (EVP, Chief Financial Officer) acquired 85,000 shares at an average price of $0.89 for $75599.0. The insider now directly holds 85,000 shares of Heron Therapeutics Inc (HRTX).

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