Heron Therapeutics Inc (NASDAQ: HRTX) is -28.82% lower on its value in year-to-date trading and has touched a low of $0.53 and a high of $3.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HRTX stock was last observed hovering at around $1.28 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.21, the stock is -30.46% and -34.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -5.47% at the moment leaves the stock -52.89% off its SMA200. HRTX registered 121.69% gain for a year compared to 6-month loss of -59.67%. The firm has a 50-day simple moving average (SMA 50) of $1.8462 and a 200-day simple moving average (SMA200) of $2.5685.
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The stock witnessed a -32.78% gain in the last 1 month and extending the period to 3 months gives it a -37.95%, and is -32.78% down 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 16.15% over the week and 8.27% over the month.
Heron Therapeutics Inc (HRTX) has around 126 employees, a market worth around $183.52M and $137.74M in sales. Profit margin for the company is -20.30%. Distance from 52-week low is 129.65% and -69.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.72%).
The EPS is expected to grow by 83.75% this year
229.0 institutions hold shares in Heron Therapeutics Inc (HRTX), with institutional investors hold 83.69% of the company’s shares. The shares outstanding are 150.29M, and float is at 144.08M with Short Float at 20.00%. Institutions hold 83.09% of the Float.
The top institutional shareholder in the company is RUBRIC CAPITAL MANAGEMENT LP with over 26.71 million shares valued at $93.5 million. The investor’s holdings represent 17.6678 of the HRTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.62 million shares valued at $30.16 million to account for 5.6984 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.33 million shares representing 5.5062 and valued at over $29.14 million, while ADAGE CAPITAL PARTNERS GP, L.L.C. holds 5.0265 of the shares totaling 7.6 million with a market value of $26.6 million.
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 Forbes William P (EVP, Chief Development Officer) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 16 ’23 and was made at $0.94 per share for $46995.0. Following the transaction, the insider now directly holds 54000.0 shares of the HRTX stock.
Still, SEC filings show that on Nov 16 ’23, Collard Craig A (Chief Executive Officer) acquired 150,000 shares at an average price of $0.92 for $0.14 million. The insider now directly holds 186,496 shares of Heron Therapeutics Inc (HRTX).
