SRRK has 36-month beta value of 0.94. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SRRK is 61.18M, and currently, short sellers hold a 20.74% ratio of that float. The average trading volume of SRRK on May 02, 2024 was 803.27K shares.
SRRK) stock’s latest price update
Scholar Rock Holding Corp (NASDAQ: SRRK)’s stock price has increased by 1.98 compared to its previous closing price of 14.67. However, the company has seen a 6.17% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-24 that Investors continue to search for the next big weight loss drug stocks following the success of Eli Lilly (NYSE: LLY ) and Novo Nordisk (NYSE: NVO ). So-called GLP-1 receptor agonists represent a fundamental change in weight loss treatment.
SRRK’s Market Performance
SRRK’s stock has risen by 6.17% in the past week, with a monthly drop of -4.83% and a quarterly rise of 7.24%. The volatility ratio for the week is 4.54% while the volatility levels for the last 30 days are 5.79% for Scholar Rock Holding Corp The simple moving average for the last 20 days is 5.08% for SRRK stock, with a simple moving average of 23.72% for the last 200 days.
Analysts’ Opinion of SRRK
Many brokerage firms have already submitted their reports for SRRK stocks, with Raymond James repeating the rating for SRRK by listing it as a “Strong Buy.” The predicted price for SRRK in the upcoming period, according to Raymond James is $30 based on the research report published on March 28, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SRRK reach a price target of $20. The rating they have provided for SRRK stocks is “Buy” according to the report published on October 25th, 2023.
Piper Sandler gave a rating of “Overweight” to SRRK, setting the target price at $26 in the report published on April 03rd of the previous year.
SRRK Trading at -1.71% 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 -29.33% of loss for the given period.
Volatility was left at 5.79%, however, over the last 30 days, the volatility rate increased by 4.54%, as shares sank -1.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.33% lower at present.
During the last 5 trading sessions, SRRK rose by +6.17%, which changed the moving average for the period of 200-days by +106.92% in comparison to the 20-day moving average, which settled at $14.22. In addition, Scholar Rock Holding Corp saw -20.43% 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 Backstrom Jay T., who sale 11,614 shares at the price of $15.74 back on Feb 16 ’24. After this action, Backstrom Jay T. now owns 352,671 shares of Scholar Rock Holding Corp, valued at $182,842 using the latest closing price.
Myles Edward H, the COO & CFO of Scholar Rock Holding Corp, sale 4,744 shares at $15.74 during a trade that took place back on Feb 16 ’24, which means that Myles Edward H is holding 210,976 shares at $74,686 based on the most recent closing price.
Stock Fundamentals for SRRK
The total capital return value is set at -0.62. Equity return is now at value -68.30, with -49.55 for asset returns.
Based on Scholar Rock Holding Corp (SRRK), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -2.53.
Currently, EBITDA for the company is -168.45 million with net debt to EBITDA at 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.80.
Conclusion
To put it simply, Scholar Rock Holding Corp (SRRK) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
