Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Heron Therapeutics Inc (NASDAQ: HRTX) was $3.67 for the day, up 10.88% from the previous closing price of $3.31. In other words, the price has increased by $10.88 from its previous closing price. On the day, 2.68 million shares were traded. HRTX stock price reached its highest trading level at $3.7 during the session, while it also had its lowest trading level at $3.34.
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 1.90 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 552896512 and an Enterprise Value of 660544064. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.19. Its current Enterprise Value per Revenue stands at 5.0 whereas that against EBITDA is -10.675.
Stock Price History:
The Beta on a monthly basis for HRTX is 1.79, which has changed by 1.4466667 over the last 52 weeks, in comparison to a change of 0.24125004 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 $0.50. The 50-Day Moving Average of the stock is 12.78%, while the 200-Day Moving Average is calculated to be 63.16%.
Shares Statistics:
HRTX traded an average of 2.42M shares per day over the past three months and 2620950 shares per day over the past ten days. A total of 150.29M shares are outstanding, with a floating share count of 139.45M. Insiders hold about 7.44% of the company’s shares, while institutions hold 72.77% stake in the company. Shares short for HRTX as of 1719532800 were 32824158 with a Short Ratio of 13.55, compared to 1717113600 on 30040177. Therefore, it implies a Short% of Shares Outstanding of 32824158 and a Short% of Float of 28.23.
