Home  »  Finance   »  Heron Therapeutics Inc. (NASDAQ: HRTX): Moving Tow...

Heron Therapeutics Inc. (NASDAQ: HRTX): Moving Toward A Higher Share Price

Heron Therapeutics Inc. (NASDAQ:HRTX) shares, rose in value on Thursday, 05/25/23, with the stock price down by -3.10% to the previous day’s close as strong demand from buyers drove the stock to $1.25.

Actively observing the price movement in the last trading, the stock closed the session at $1.29, falling within a range of $1.16 and $1.337. The value of beta (5-year monthly) was 0.92. Referring to stock’s 52-week performance, its high was $5.62, and the low was $1.07. On the whole, HRTX has fluctuated by -50.40% over the past month.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


With the market capitalization of Heron Therapeutics Inc. currently standing at about $138.18 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 07, 2023 – Aug 11, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.23, which is expected to increase to -$0.18 for fiscal year -$0.88 and then to about -$0.5 by fiscal year 2024. Data indicates that the EPS growth is expected to be 47.30% in 2024, while the next year’s EPS growth is forecast to be 43.20%.

Analysts have estimated the company’s revenue for the quarter at $31.7 million, with a low estimate of $28.5 million and a high estimate of $35 million. According to the average forecast, sales growth in current quarter could jump up 14.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $129.76 million, representing an increase of 20.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that HRTX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.


The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HRTX currently trading nearly -34.38% and -41.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.11, while the 7-day volatility ratio is showing 12.17% which for the 30-day chart, stands at 12.15%. Furthermore, Heron Therapeutics Inc. (HRTX)’s beta value is 0.97, and its average true range (ATR) is 0.20. The company’s stock has been forecasted to trade at an average price of $7.92 over the course of the next 52 weeks, with a low of $5.50 and a high of $10.00. Based on these price targets, the low is -340.0% off current price, whereas the price has to move -700.0% to reach the yearly target high. Additionally, analysts’ median price of $8.00 is likely to be welcomed by investors because it represents a decrease of -540.0% from the current levels.

A comparison of Heron Therapeutics Inc. (HRTX) with its peers suggests the former has fared considerably weaker in the market. HRTX showed an intraday change of -3.10% in last session, and over the past year, it shrunk by -60.44%%. In comparison, Ligand Pharmaceuticals Incorporated (LGND) has moved lower at -3.90% on the day and was up 36.20% over the past 12 months. On the other hand, the price of Pacira BioSciences Inc. (PCRX) has fallen -1.97% on the day. The stock, however, is off -34.48% from where it was a year ago. Additionally, there is a gain of 0.34% for Surmodics Inc. (SRDX) in last trading while the stock has seen an overall depriciation of -52.02%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.88%. Meanwhile, the Dow Jones Industrial Slipped by -0.11%.

Data on historical trading for Heron Therapeutics Inc. (NASDAQ:HRTX) indicates that the trading volumes over the past 10 days have averaged 4.33 million and over the past 3 months, they’ve averaged 2.48 million. According to company’s latest data on outstanding shares, there are 119.25 million shares outstanding.

Nearly 0.20% of Heron Therapeutics Inc.’s shares belong to company insiders and institutional investors own 102.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.3 million shares as on Apr 27, 2023, resulting in a short ratio of 7.91. According to the data, the short interest in Heron Therapeutics Inc. (HRTX) stood at 18.70% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 23.15 million. The stock has fallen by -50.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HRTX stock heading into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *