After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Heron Therapeutics Announces FDA Approval of ZYNRELEF® Indication Expansion to Include Additional Orthopedic and Soft Tissue Procedures.
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Stocks Info
As a NASDAQ listed company, HRTX falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $2.75 and fluctuated between $2.8300 as its day high and $2.6400 as its day low. The current market capitalization of Heron Therapeutics Inc is $412.69M. A total of 1.58 million shares were traded on the day, compared to an average of 3.12M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HRTX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 10 SELLs from insiders. Insiders purchased 2,907,963 shares during that period but sold 26,159.
In the most recent transaction, Forbes William P bought 25,000 shares of HRTX for 1.09 per share on Nov 17. After the transaction, the EVP, Chief Development Officer now owns 79,000 company shares. In a previous transaction on Nov 16, Collard Craig A bought 150,000 shares at 0.92 per share. HRTX shares that Chief Executive Officer owns now total 186,496.
Among the insiders who bought shares, Duarte Ira acquired of 85,000 shares on Nov 16 at a per-share price of $0.89. This resulted in the EVP, Chief Financial Officer holding 85,000 shares of HRTX after the transaction. In another insider transaction, Forbes William P bought 50,000 shares at $0.94 per share on Nov 16. Company shares held by the EVP, Chief Development Officer now total 54,000.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HRTX in the last 3 months, the mean price target is $6.67 with high estimates of $9.00 and low estimates of $4.00. In terms of 52-week highs and lows, HRTX has a high of $2.99 and a low of $0.50.
As of this writing, HRTX has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.35 in the last quarter, which was -52.20% lower than expectations of -$0.23.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. HRTX’s latest balance sheet shows that the firm has $157.58M in Cash & Short Term Investments as of fiscal 2021. There were $159.50M in debt and $71.06M in liabilities at the time. Its Book Value Per Share was -$0.20, while its Total Shareholder’s Equity was $77.57M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HRTX is Buy with a score of 4.67.
