and a 36-month beta value of 0.85. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price predicted for Scholar Rock Holding Corporation (SRRK) by analysts is $22.00, which is $15.09 above the current market price. The public float for SRRK is 55.10M, and at present, short sellers hold a 9.71% of that float. On September 20, 2023, the average trading volume of SRRK was 400.47K shares.
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SRRK) stock’s latest price update
The stock of Scholar Rock Holding Corporation (NASDAQ: SRRK) has increased by 10.74 when compared to last closing price of 6.24. Despite this, the company has experienced a 11.45% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-08-27 that Scholar Rock Holding Corp. is developing a growth factor targeted therapy called apitegromab for Spinal Muscular Atrophy. Positive interim data from a phase 2 trial showed sustained improvement in motor function for non-ambulatory SMA patients receiving apitegromab. Apitegromab works differently from other approved SMA treatments and claims longer duration of treatment effect and improved muscle function.
SRRK’s Market Performance
SRRK’s stock has risen by 11.45% in the past week, with a monthly rise of 7.47% and a quarterly drop of -21.57%. The volatility ratio for the week is 7.55% while the volatility levels for the last 30 days are 5.66% for Scholar Rock Holding Corporation The simple moving average for the past 20 days is 10.35% for SRRK’s stock, with a -15.46% simple moving average for the past 200 days.
Analysts’ Opinion of SRRK
Many brokerage firms have already submitted their reports for SRRK stocks, with Piper Sandler repeating the rating for SRRK by listing it as a “Overweight.” The predicted price for SRRK in the upcoming period, according to Piper Sandler is $26 based on the research report published on April 03, 2023 of the current year 2023.
SRRK Trading at 3.96% from the 50-Day Moving Average
After a stumble in the market that brought SRRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.85% of loss for the given period.
Volatility was left at 5.66%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares sank -0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.99% lower at present.
During the last 5 trading sessions, SRRK rose by +11.45%, which changed the moving average for the period of 200-days by -11.07% in comparison to the 20-day moving average, which settled at $6.26. In addition, Scholar Rock Holding Corporation saw -23.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SRRK starting from Parlavecchio Caryn, who sale 1,353 shares at the price of $6.83 back on Aug 16. After this action, Parlavecchio Caryn now owns 117,199 shares of Scholar Rock Holding Corporation, valued at $9,241 using the latest closing price.
Invus Public Equities, L.P., the 10% Owner of Scholar Rock Holding Corporation, purchase 31,557 shares at $6.43 during a trade that took place back on Apr 28, which means that Invus Public Equities, L.P. is holding 9,059,507 shares at $202,845 based on the most recent closing price.
Stock Fundamentals for SRRK
Current profitability levels for the company are sitting at:
- -404.81 for the present operating margin
- +70.22 for the gross margin
The net margin for Scholar Rock Holding Corporation stands at -405.21. The total capital return value is set at -46.43, while invested capital returns managed to touch -47.87. Equity return is now at value -64.90, with -47.40 for asset returns.
Based on Scholar Rock Holding Corporation (SRRK), the company’s capital structure generated 26.67 points at debt to equity in total, while total debt to capital is 21.05. Total debt to assets is 19.38, with long-term debt to equity ratio resting at 23.65. Finally, the long-term debt to capital ratio is 18.67.
The liquidity ratio also appears to be rather interesting for investors as it stands at 9.01.
Conclusion
To sum up, Scholar Rock Holding Corporation (SRRK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
