At the last check on Friday, Heron Therapeutics Inc.’s (NASDAQ:HRTX) stock was up $0.07, moving up 4.40 percent to $1.69. The average number of shares traded per day over the past five days has been 1,123,700 shares. 1 time new highs have been achieved over the past 5 days, with a $0.1300 gain in that time frame. In the last twenty days, the average volume was 1,923,795, while in the previous 50 days, it was 1,951,474.
Since last month, HRTX stock rose 43.33%. Shares of the company fell to $1.1700 on 07/06/23, the lowest level in the past month. A 52-week high of $5.62 was reached on 01/18/23 after having rallying from a 52-week low of $1.07. Since the beginning of this year, HRTX’s stock price has dropped by -32.35% or -$0.8100, and marked a new high 7 times. However, the stock has declined by -69.91% since its 52-week high.
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HRTX stock investors should be aware that Heron Therapeutics Inc. (HRTX) stock had its last reported insider trading activity 14 days ago on Jul 21. Morgan Adam, the Director of the company, purchased of 2,486,744 shares for $1.37 on Jul 21. It resulted in a $3,406,839 investment by the insider.
Financial Health
In the three months ended March 30, Heron Therapeutics Inc.’s quick ratio stood at 1.60, while its current ratio was 2.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 47.00% percent. Based on annual data, HRTX earned $52.8 million in gross profit and brought in $107.67 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HRTX’s revenue rose 20.8% during the quarter, while net income inched up to $29.62 million. While analysts expected Heron Therapeutics Inc. to report -$0.2 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -35.00%. During the quarter, the company generated -$32.77 million in EBITDA. The liabilities of Heron Therapeutics Inc. were 232.31 million at the end of its most recent quarter ended March 30, and its total debt was $156.93 million. The value of shareholders’ equity is $119.72 million.
Technical Picture
This quick technical analysis looks at Heron Therapeutics Inc.’s (HRTX) price momentum. With a historical volatility rate of 80.40%, the RSI 9-day stood at 65.78% on 03 August.
With respect to its five-day moving average, the current Heron Therapeutics Inc. price is up by +8.33% percent or $0.1300. At present, HRTX shares trade +40.83% above its 20-day simple moving average and -29.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately +27.07% above its SMA50 and -57.22% below its SMA200.
Stochastic coefficient K was 66.63% and Stochastic coefficient D was 64.94%, while ATR was 0.1340. Given the Stochastic reading of 78.26% for the 14-day period, the RSI (14) reading has been calculated as 63.23%. As of today, the MACD Oscillator reading stands at 0.0189, while the 14-day reading stands at 0.0752.
Analyst Ratings
Guggenheim launched its rating on Heron Therapeutics Inc. (NASDAQ: HRTX) to a Buy in a note to investors on May 27, 2020. Heron Therapeutics Inc. (HRTX) has been rated Buy by analysts. According to 0 brokerage firms, HRTX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Heron Therapeutics Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $5.00 – $10.00. Based on these forecasts, analysts predict Heron Therapeutics Inc. (HRTX) will achieve an average price target of $7.75.
