In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Heron Therapeutics Inc (NASDAQ: HRTX) was $2.38 for the day, down -0.83% from the previous closing price of $2.40. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 1.47 million shares were traded. HRTX stock price reached its highest trading level at $2.425 during the session, while it also had its lowest trading level at $2.32.
Ratios:
Our analysis of HRTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rodman & Renshaw on June 13, 2024, initiated with a Buy rating and assigned the stock a target price of $7.
On April 23, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $6.
Needham reiterated its Buy rating for the stock on March 13, 2024, while the target price for the stock was revised from $4 to $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HRTX now has a Market Capitalization of 362545408 and an Enterprise Value of 481024416. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51. Its current Enterprise Value per Revenue stands at 3.334 whereas that against EBITDA is -53.234.
Stock Price History:
The Beta on a monthly basis for HRTX is 1.36, which has changed by -0.19322032 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, HRTX has reached a high of $3.93, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is 24.13%, while the 200-Day Moving Average is calculated to be 12.89%.
Shares Statistics:
HRTX traded an average of 1.82M shares per day over the past three months and 1740790 shares per day over the past ten days. A total of 152.13M shares are outstanding, with a floating share count of 151.00M. Insiders hold about 0.87% of the company’s shares, while institutions hold 75.65% stake in the company. Shares short for HRTX as of 1740700800 were 31326110 with a Short Ratio of 17.19, compared to 1738281600 on 30838973. Therefore, it implies a Short% of Shares Outstanding of 31326110 and a Short% of Float of 26.549998000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
