Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $1.89 in the prior trading day, Heron Therapeutics Inc (NASDAQ: HRTX) closed at $1.83, down -3.17%. In other words, the price has decreased by -$3.17 from its previous closing price. On the day, 0.93 million shares were traded.
Ratios:
Our goal is to gain a better understanding of HRTX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 2.40.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88.
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 $1.04. The 50-Day Moving Average of the stock is -13.11%, while the 200-Day Moving Average is calculated to be -1.34%.
Shares Statistics:
A total of 152.43M shares are outstanding, with a floating share count of 151.14M. Insiders hold about 0.93% of the company’s shares, while institutions hold 82.01% stake in the company.
Earnings Estimates
Currently, 2.0 analysts are dedicated to thoroughly evaluating and rating the performance of Heron Therapeutics Inc (HRTX) in the stock market.The consensus estimate for the next quarter is -$0.0, with high estimates of $0.0 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.01 and -$0.02 for the fiscal current year, implying an average EPS of -$0.0. EPS for the following year is $0.05, with 1.0 analysts recommending between $0.05 and $0.05.
Revenue Estimates
3 analysts predict $37.93M in revenue for the current quarter. It ranges from a high estimate of $38.8M to a low estimate of $37M. As of the current estimate, Heron Therapeutics Inc’s year-ago sales were $36.02MFor the next quarter, 3 analysts are estimating revenue of $39.62M. There is a high estimate of $40.1M for the next quarter, whereas the lowest estimate is $39.25M.
A total of 3 analysts have provided revenue estimates for HRTX’s current fiscal year. The highest revenue estimate was $159.9M, while the lowest revenue estimate was $158.15M, resulting in an average revenue estimate of $159.28M. In the same quarter a year ago, actual revenue was $144.28MBased on 2 analysts’ estimates, the company’s revenue will be $181.05M in the next fiscal year. The high estimate is $183.7M and the low estimate is $178.4M.
