Heron Therapeutics Inc [HRTX] stock is trading at $1.62, down -5.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The HRTX shares have gain 36.13% over the last week, with a monthly amount drifted -10.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Heron Therapeutics Inc [NASDAQ: HRTX] stock has seen the most recent analyst activity on June 13, 2024, when Rodman & Renshaw initiated its Buy rating and assigned the stock a price target of $7. Previously, CapitalOne started tracking the stock with Overweight rating on April 23, 2024, and set its price target to $6. On March 13, 2024, Needham reiterated its Buy rating and revised its price target to $5 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $24 on May 27, 2020. Needham reiterated its recommendation of a Buy and reduced its price target to $48 on February 20, 2020. Needham reiterated a Buy rating for this stock on January 16, 2019, and downed its price target to $64. In a note dated April 05, 2018, Evercore ISI initiated an Outperform rating and provided a target price of $56 on this stock.
Heron Therapeutics Inc [HRTX] stock has fluctuated between $1.04 and $3.93 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Heron Therapeutics Inc [NASDAQ: HRTX] shares were valued at $1.62 at the most recent close of the market. An investor can expect a potential return of 332.1% based on the average HRTX price forecast.
Analyzing the HRTX fundamentals
Heron Therapeutics Inc [NASDAQ:HRTX] reported sales of 137.74M for the trailing twelve months, which represents a growth of 4.38%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is 0.77 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.5700 points at the first support level, and at 1.5200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6900, and for the 2nd resistance point, it is at 1.7600.
Ratios To Look Out For
For context, Heron Therapeutics Inc’s Current Ratio is 2.28. On the other hand, the Quick Ratio is 1.74, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 1.68.
