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As of close of business last night, Heron Therapeutics Inc’s stock clocked out at $1.76, down -3.30% from its previous closing price of $1.82. In other words, the price has decreased by -$3.30 from its previous closing price. On the day, 0.86 million shares were traded. HRTX stock price reached its highest trading level at $1.854 during the session, while it also had its lowest trading level at $1.76.
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 1.85 and its Current Ratio is at 2.38.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
Forbes William P bought 50,000 shares of HRTX for $46,995 on Nov 16 ’23. The EVP, Chief Development Officer now owns 54,000 shares after completing the transaction at $0.94 per share. On Nov 16 ’23, another insider, Collard Craig A, who serves as the Chief Executive Officer of the company, bought 150,000 shares for $0.92 each. As a result, the insider paid 137,970 and bolstered with 186,496 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 266935680 and an Enterprise Value of 378300704. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96. Its current Enterprise Value per Revenue stands at 2.774 whereas that against EBITDA is -14.539.
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 -8.11%, while the 200-Day Moving Average is calculated to be -32.67%.
Shares Statistics:
It appears that HRTX traded 2.13M shares on average per day over the past three months and 1209570 shares per day over the past ten days. A total of 150.29M shares are outstanding, with a floating share count of 144.09M. Insiders hold about 5.00% of the company’s shares, while institutions hold 81.04% stake in the company. Shares short for HRTX as of 1727654400 were 31703092 with a Short Ratio of 14.92, compared to 1724976000 on 35918079. Therefore, it implies a Short% of Shares Outstanding of 31703092 and a Short% of Float of 27.029999999999998.
