Heron Therapeutics Inc (NASDAQ: HRTX) is 18.95% higher on its value in year-to-date trading and has touched a low of $1.04 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 $1.88 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.82, the stock is -17.78% and -11.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -3.19% at the moment leaves the stock -9.51% off its SMA200. HRTX registered -35.00% loss for a year compared to 6-month gain of -5.21%. The firm has a 50-day simple moving average (SMA 50) of $2.0542 and a 200-day simple moving average (SMA200) of $2.0114.
The stock witnessed a -24.48% loss in the last 1 month and extending the period to 3 months gives it a 13.75%, and is -14.95% 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 11.23% over the week and 7.32% over the month.
Heron Therapeutics Inc (HRTX) has around 122 employees, a market worth around $277.24M and $144.28M in sales. Fwd P/E is 34.13. Profit margin for the company is -9.41%. Distance from 52-week low is 75.00% and -53.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.63%).
The EPS is expected to grow by 50.00% this year
199.0 institutions hold shares in Heron Therapeutics Inc (HRTX), with institutional investors hold 76.58% of the company’s shares. The shares outstanding are 152.13M, and float is at 150.94M with Short Float at 21.54%. Institutions hold 76.02% 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 17.5395 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 5.4663 and valued at over $29.14 million, while ADAGE CAPITAL PARTNERS GP, L.L.C. holds 4.99 of the shares totaling 7.6 million with a market value of $26.6 million.
