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Heron Therapeutics, Inc. (HRTX)

Healthcare | Biotechnology | Cary, United States | NasdaqCM
0.42 USD +0.00 (0.603%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 4:29 a.m. EDT

The long-term investment case is severely compromised by a brutal multi-year decline; the stock has lost nearly 88% of its value over the last nine years, with seven of those years delivering negative returns. This persistent downward trajectory, capped by a recent annual drop, signals a structural deterioration in the business rather than a temporary dislocation. While the balance sheet shows a current ratio above 2.5, the company is burning cash with negative operating flows and no revenue growth, making it a value trap where the low price reflects fundamental rot. The short-term outlook remains bearish to neutral; despite a 'Buy' recommendation from analysts, the statistical forecast models predict a further decline over the next 45 days, and the lack of institutional support is evident in the trading metrics. Speculators are positioning for a bounce via heavy call buying at distant strikes, but this is a gamble on a turnaround that the fundamentals currently do not support. With no dividend to provide income and a history of consistent underperformance, this is a high-risk speculative vehicle, not an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.425868
AutoETS0.430021
MSTL0.432915
AutoARIMA0.565863

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 24%
H-stat 14.20
Ljung-Box p 0.000
Jarque-Bera p 0.022
Excess Kurtosis -1.74
Attribute Value
Sector Healthcare
Debt to Equity Ratio 1550.115
Revenue per Share 0.858
Market Cap 78,910,576
Forward P/E Infinity
Beta 1.65
Profit Margins -20.53%
Website https://www.herontx.com

As of July 11, 2026, 4:29 a.m. EDT: Call activity is overwhelmingly skewed toward out-of-the-money strikes ($1.00 and $1.50), indicating speculative bets on a significant recovery or catalyst-driven rally. Put volume is negligible and concentrated deep out-of-the-money, suggesting limited hedging demand compared to the aggressive call positioning.


Info Dump

Attribute Value
52 Week Change -0.8066038
Address1 25 Fenton Main Street
Address2 Suite 300
All Time High 1,290.0
All Time Low 0.38
Ask 0.4788
Ask Size 1
Audit Risk 5
Average Daily Volume10 Day 3,129,280
Average Daily Volume3 Month 3,332,577
Average Volume 3,332,577
Average Volume10Days 3,129,280
Beta 1.651
Bid 0.3539
Bid Size 1
Board Risk 3
Book Value 0.043
City Cary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 8
Country United States
Crypto Tradeable 0
Currency USD
Current Price 0.4169
Current Ratio 2.53
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 0.42
Day Low 0.3948
Debt To Equity 1,550.115
Display Name Heron Therapeutics
Earnings Call Timestamp End 1,778,502,600
Earnings Call Timestamp Start 1,778,502,600
Earnings Timestamp 1,778,502,600
Earnings Timestamp End 1,786,105,800
Earnings Timestamp Start 1,786,105,800
Ebitda -8,165,000
Ebitda Margins -0.054180004
Enterprise To Ebitda -21.655
Enterprise To Revenue 1.173
Enterprise Value 176,810,576
Eps Current Year -0.09
Eps Forward 0.0
Eps Trailing Twelve Months -0.18
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 0.692
Fifty Day Average Change -0.27509996
Fifty Day Average Change Percent -0.3975433
Fifty Two Week Change Percent -80.66038
Fifty Two Week High 2.19
Fifty Two Week High Change -1.7731
Fifty Two Week High Change Percent -0.8096347
Fifty Two Week Low 0.38
Fifty Two Week Low Change 0.036900014
Fifty Two Week Low Change Percent 0.0971053
Fifty Two Week Range 0.38 - 2.19
Financial Currency USD
First Trade Date Milliseconds 556,983,000,000
Float Shares 135,455,888
Forward Eps 0.0
Forward P E Infinity
Free Cashflow -18,442,250
Full Exchange Name NasdaqCM
Full Time Employees 128
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.62801
Gross Profits 94,649,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00895
Held Percent Institutions 0.83286005
Implied Shares Outstanding 189,279,369
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=115565&p=irol-irhome
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,389,571,200
Last Split Factor 1:20
Long Business Summary Heron Therapeutics, Inc., a commercial-stage biotechnology company, engages in developing and commercializing therapeutic that enhances medical care. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration. It offers SUSTOL (granisetron), an extended-release injection for the prevention of acute and delayed nausea and vomiting associated with moderately emetogenic chemotherapy, or anthracycline and cyclophosphamide combination chemotherapy regimens; and CINVANTI, an intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy, as well as nausea and vomiting associated with moderately emetogenic cancer chemotherapy. The company is also developing ZYNRELEF, a dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low dose of the nonsteroidal anti-inflammatory drug meloxicam; and APONVIE, an intravenous formulation of a substance P/neurokinin-1 receptor antagonist indicated for the prevention of postoperative nausea and vomiting in adults. Heron Therapeutics, Inc. was formerly known as A.P. Pharma, Inc. and changed its name to Heron Therapeutics, Inc. in January 2014. The company was founded in 1983 and is headquartered in Cary, North Carolina.
Long Name Heron Therapeutics, Inc.
Market us_market
Market Cap 78,910,576
Market State PRE
Max Age 86,400
Message Board Id finmb_24366
Most Recent Quarter 1,774,915,200
Net Income To Common -30,941,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 79,516,262
Number Of Analyst Opinions 1
Open 0.41
Operating Cashflow -20,261,000
Operating Margins -0.13728
Overall Risk 3
Payout Ratio 0.0
Phone 858 251 4400
Previous Close 0.4144
Price Eps Current Year -4.632222
Price Hint 4
Price To Book 9.695349
Price To Sales Trailing12 Months 0.5235852
Profit Margins -0.2053
Quick Ratio 1.419
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0025
Regular Market Change Percent 0.603281
Regular Market Day High 0.42
Regular Market Day Low 0.3948
Regular Market Day Range 0.3948 - 0.42
Regular Market Open 0.41
Regular Market Previous Close 0.4144
Regular Market Price 0.4169
Regular Market Time 1,783,972,800
Regular Market Volume 6,171,170
Return On Assets -0.02712
Revenue Growth -0.108
Revenue Per Share 0.858
Sand P52 Week Change 0.20847368
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 1
Shares Outstanding 189,279,369
Shares Percent Shares Out 0.214
Shares Short 40,499,859
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 40,161,124
Short Name Heron Therapeutics, Inc.
Short Percent Of Float 0.2728
Short Ratio 7.97
Source Interval 15
State NC
Symbol HRTX
Target High Price 2.0
Target Low Price 2.0
Target Mean Price 2.0
Target Median Price 2.0
Total Cash 44,784,000
Total Cash Per Share 0.237
Total Debt 141,634,000
Total Revenue 150,712,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.18
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.04955
Two Hundred Day Average Change -0.63265
Two Hundred Day Average Change Percent -0.60278213
Type Disp Equity
Volume 6,171,170
Website https://www.herontx.com
Zip 27,511