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In the latest session, Heron Therapeutics Inc (NASDAQ: HRTX) closed at $3.20 down -1.54% from its previous closing price of $3.25. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 4.85 million shares were traded. HRTX stock price reached its highest trading level at $3.31 during the session, while it also had its lowest trading level at $3.175.
Ratios:
For a deeper understanding of Heron Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.47.
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.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 17 ’23 when Forbes William P bought 25,000 shares for $1.09 per share. The transaction valued at 27,250 led to the insider holds 79,000 shares of the business.
Collard Craig A bought 150,000 shares of HRTX for $137,970 on Nov 16 ’23. The Chief Executive Officer now owns 186,496 shares after completing the transaction at $0.92 per share. On Nov 16 ’23, another insider, Duarte Ira, who serves as the EVP, Chief Financial Officer of the company, bought 85,000 shares for $0.89 each. As a result, the insider paid 75,599 and bolstered with 85,000 shares of the company.
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 482089568 and an Enterprise Value of 589737088. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.65. Its current Enterprise Value per Revenue stands at 4.464 whereas that against EBITDA is -9.53.
Stock Price History:
Over the past 52 weeks, HRTX has reached a high of $3.93, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -3.38%, while the 200-Day Moving Average is calculated to be 39.24%.
Shares Statistics:
For the past three months, HRTX has traded an average of 2.41M shares per day and 2185620 over the past ten days. A total of 150.29M shares are outstanding, with a floating share count of 139.50M. Insiders hold about 7.40% of the company’s shares, while institutions hold 72.82% stake in the company. Shares short for HRTX as of 1719532800 were 32824158 with a Short Ratio of 13.60, compared to 1717113600 on 30040177. Therefore, it implies a Short% of Shares Outstanding of 32824158 and a Short% of Float of 28.23.
