Heron Therapeutics Inc. [HRTX] Is Currently -9.41 below its 200 Period Moving Avg: What Does This Mean?

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Heron Therapeutics Inc. [NASDAQ: HRTX] stock went on a downward path that fall over -9.41% on Thursday, amounting to a one-week price decrease of less than -6.54%. The company report on May 3, 2022 that Heron Therapeutics to Report First Quarter 2022 Financial Results on Monday, May 9, 2022.

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Heron Therapeutics, Inc. (Nasdaq: HRTX), a commercial-stage biotechnology company focused on improving the lives of patients by developing best-in-class treatments to address some of the most important unmet patient needs, today announced that the company will host a conference call and live webcast on Monday, May 9, 2022 at 4:30 p.m. ET to report first quarter 2022 financial results and discuss recent business highlights.

The conference call can be accessed by dialing 1-844-825-9789 for domestic callers and 1-412-317-5180 for international callers. Please provide the operator with the passcode 10166891 to join the conference call. The conference call will also be available via webcast under the Investor Relations section of Heron’s website at www.herontx.com. An archive of the teleconference and webcast will also be made available on Heron’s website for 60 days following the call.

Over the last 12 months, HRTX stock dropped by -73.50%. The one-year Heron Therapeutics Inc. stock forecast points to a potential upside of 79.86. The average equity rating for HRTX stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $475.16 million, with 102.01 million shares outstanding and 72.68 million shares in the current float. Compared to the average trading volume of 2.28M shares, HRTX stock reached a trading volume of 3024357 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Heron Therapeutics Inc. [HRTX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HRTX shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HRTX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Guggenheim have made an estimate for Heron Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 27, 2020. While these analysts kept the previous recommendation, Needham dropped their target price from $50 to $48. The new note on the price target was released on February 20, 2020, representing the official price target for Heron Therapeutics Inc. stock. Previously, the target price had yet another drop from $66 to $64, while Needham kept a Buy rating on HRTX stock.

The Average True Range (ATR) for Heron Therapeutics Inc. is set at 0.36, with the Price to Sales ratio for HRTX stock in the period of the last 12 months amounting to 5.51. The Price to Book ratio for the last quarter was 5.83, with the Price to Cash per share for the same quarter was set at 1.47.

HRTX Stock Performance Analysis:

Heron Therapeutics Inc. [HRTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.54. With this latest performance, HRTX shares dropped by -27.50% in over the last four-week period, additionally sinking by -60.76% over the last 6 months – not to mention a drop of -73.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HRTX stock in for the last two-week period is set at 34.67, with the RSI for the last a single of trading hit 31.90, and the three-weeks RSI is set at 36.63 for Heron Therapeutics Inc. [HRTX]. The present Moving Average for the last 50 days of trading for this stock 5.52, while it was recorded at 4.68 for the last single week of trading, and 9.13 for the last 200 days.

Insight into Heron Therapeutics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Heron Therapeutics Inc. [HRTX] shares currently have an operating margin of -250.42 and a Gross Margin at +46.70. Heron Therapeutics Inc.’s Net Margin is presently recorded at -255.58.

Return on Equity for this stock declined to -140.53, with Return on Assets sitting at -66.95.

Heron Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.60.

HRTX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HRTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Heron Therapeutics Inc. go to 47.50%.

Heron Therapeutics Inc. [HRTX] Insider Position Details

There are presently around $575 million, in the hands of institutional investors. The top three institutional holders of HRTX stocks are: FRANKLIN RESOURCES INC with ownership of 11,967,465, which is approximately -0.108% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,609,045 shares of the stock with an approximate value of $46.99 million in HRTX stocks shares; and UBS OCONNOR LLC, currently with $40.47 million in HRTX stock with ownership of nearly 24.738% of the company’s market capitalization.

Positions in Heron Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 102 institutional holders increased their position in Heron Therapeutics Inc. [NASDAQ:HRTX] by around 15,376,770 shares. Additionally, 81 investors decreased positions by around 6,557,788 shares, while 43 investors held positions by with 95,736,907 shares. The mentioned changes placed institutional holdings at 117,671,465 shares, according to the latest SEC report filing. HRTX stock had 29 new institutional investments in for a total of 3,636,508 shares, while 27 institutional investors sold positions of 2,286,463 shares during the same period.