The Heron Therapeutics Inc. (HRTX) shares are trading at lower $14.26 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $26.81 and the low is $9.60. Over the last 52 weeks, HRTX is down -46.83% while the S&P 500 is up 1.47%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HRTX reported a profit of $14.78 million. Heron Therapeutics Inc. also saw revenues increase to $25.4 million. In addition, HRTX has free cash flow of -$35.87 million as of 03-2020 The company’s EBITDA came in at -$51.92 million which compares well with its peers.
HRTX Return on Equity (ROE) is -56.90%, and its Return on Assets is -43.00%. All told, it is clear that, HRTX needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HRTX has a short ratio of 15.83 and outstanding shares of 90.41M.
HRTX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.15 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.27. Heron Therapeutics Inc. HRTX also noted assets of $478.94 million at the end of the last quarter. Investors should also keep an eye on sector updates as HRTX has historically followed its peers on positive news.
All told, Heron Therapeutics Inc. HRTX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HRTX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Heron Therapeutics Inc. HRTX is now commanding a market cap of 1.34B and a float of 84.49M. HRTX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HRTX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HRTX, either long or short, and we have not been compensated for this article.