HRTX
Heron Therapeutics, Inc. Healthcare - Biotechnology Investor Relations →
Heron Therapeutics, Inc. (HRTX) closed at $1.26 as of 2026-02-02, trading 43.5% below its 200-week moving average of $2.23. This places HRTX in the extreme value zone. The stock is currently moving closer to the line, down from -41.4% last week. The 14-week RSI sits at 55, indicating neutral momentum.
Over the past 1958 weeks of data, HRTX has crossed below its 200-week moving average 28 times. On average, these episodes lasted 51 weeks. Historically, investors who bought HRTX at the start of these episodes saw an average one-year return of +28.2%.
With a market cap of $231 million, HRTX is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. The stock trades at 33.2x book value.
Share count has increased 49.1% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in HRTX would have grown to $0, compared to $2849 for the S&P 500. HRTX has returned -17.3% annualized vs 10.6% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 2 open-market purchases totaling $6,230,657. Notably, these purchases occurred while HRTX is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: HRTX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HRTX Crosses Below the Line?
Across 25 historical episodes, buying HRTX when it crossed below its 200-week moving average produced an average return of +28.6% after 12 months (median -15.0%), compared to +13.5% for the S&P 500 over the same periods. 44% of those episodes were profitable after one year. After 24 months, the average return was +4.6% vs +31.2% for the index.
Each line shows $100 invested at the moment HRTX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HRTX has crossed below its 200-week MA 28 times with an average 1-year return of +28.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1988 | Jan 1989 | 15 | 27.3% | N/A | -99.8% |
| Mar 1989 | Mar 1989 | 1 | 0.0% | -34.5% | -99.8% |
| Jun 1989 | Sep 1991 | 117 | 64.6% | -1.8% | -99.8% |
| Mar 1993 | May 1993 | 7 | 19.5% | +9.8% | -99.8% |
| May 1993 | Jun 1993 | 2 | 1.0% | -20.4% | -99.8% |
| Jun 1993 | Mar 1994 | 37 | 26.6% | -19.2% | -99.8% |
| Mar 1994 | Sep 1995 | 77 | 43.8% | -33.7% | -99.7% |
| Oct 1995 | Jan 1996 | 13 | 23.6% | +23.8% | -99.8% |
| Dec 1997 | Feb 1998 | 8 | 7.6% | -14.2% | -99.8% |
| Jun 1998 | Oct 2003 | 278 | 76.3% | -10.7% | -99.8% |
| Nov 2003 | Dec 2003 | 3 | 7.9% | -44.1% | -99.3% |
| Dec 2003 | Dec 2003 | 1 | 0.8% | -28.6% | -99.3% |
| Aug 2004 | Jan 2005 | 24 | 43.0% | +31.8% | -98.8% |
| Feb 2005 | Jan 2006 | 48 | 26.5% | +5.5% | -99.2% |
| May 2006 | Jun 2012 | 319 | 89.0% | -45.3% | -99.1% |
| Jul 2012 | Jul 2012 | 1 | 0.6% | -27.4% | -89.8% |
| Oct 2012 | Jan 2013 | 14 | 17.4% | -40.7% | -89.3% |
| Mar 2013 | Jan 2014 | 45 | 47.8% | +31.2% | -88.5% |
| Jul 2014 | Aug 2014 | 5 | 7.2% | +301.0% | -85.9% |
| Sep 2014 | Dec 2014 | 13 | 21.9% | +319.2% | -86.1% |
| Jan 2015 | Feb 2015 | 4 | 12.2% | +185.7% | -84.2% |
| Oct 2016 | Nov 2016 | 2 | 2.1% | -0.3% | -91.7% |
| Dec 2016 | Jul 2017 | 32 | 19.9% | +7.0% | -91.5% |
| Jul 2017 | Nov 2017 | 16 | 9.2% | +126.6% | -92.2% |
| Dec 2017 | Dec 2017 | 2 | 7.5% | +66.5% | -92.1% |
| Apr 2019 | Oct 2019 | 26 | 24.8% | -19.4% | -92.6% |
| Jan 2020 | Jan 2020 | 1 | 1.2% | -6.7% | -94.0% |
| Jan 2020 | Ongoing | 315+ | 93.8% | Ongoing | -94.0% |
| Average | 51 | — | +28.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02