The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, Heron Therapeutics Inc’s stock clocked out at $1.69, down -0.59% from its previous closing price of $1.70. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 1.45 million shares were traded. HRTX stock price reached its highest trading level at $1.74 during the session, while it also had its lowest trading level at $1.66.
Ratios:
To gain a deeper understanding of HRTX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 2.28.
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 257040576 and an Enterprise Value of 364396416. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87. Its current Enterprise Value per Revenue stands at 2.646 whereas that against EBITDA is -63.985.
Stock Price History:
The Beta on a monthly basis for HRTX is 1.61, which has changed by -0.26724136 over the last 52 weeks, in comparison to a change of 0.21926713 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 9.65%, while the 200-Day Moving Average is calculated to be -25.18%.
Shares Statistics:
It appears that HRTX traded 3.20M shares on average per day over the past three months and 1486130 shares per day over the past ten days. A total of 151.70M shares are outstanding, with a floating share count of 150.98M. Insiders hold about 0.74% of the company’s shares, while institutions hold 80.34% stake in the company. Shares short for HRTX as of 1736899200 were 31057581 with a Short Ratio of 9.71, compared to 1734048000 on 29984772. Therefore, it implies a Short% of Shares Outstanding of 31057581 and a Short% of Float of 26.38.
