Company’s 36-month beta value is 0.84.Analysts have differing opinions 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 63.77M, and currently, short sellers hold a 21.87% ratio of that floaft. The average trading volume of SRRK on June 27, 2024 was 859.82K shares.
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SRRK) stock’s latest price update
Scholar Rock Holding Corp (NASDAQ: SRRK)’s stock price has gone rise by 1.40 in comparison to its previous close of 7.84, however, the company has experienced a -4.22% decrease in its stock price over the last five trading days. businesswire.com reported 2024-06-24 that CAMBRIDGE, Mass.–(BUSINESS WIRE)–Scholar Rock (NASDAQ: SRRK), a late-stage biopharmaceutical company focused on advancing innovative treatments for spinal muscular atrophy (SMA), cardiometabolic disorders, and other serious diseases where protein growth factors play a fundamental role, today announced that the first participants were dosed in the Phase 2 EMBRAZE proof-of-concept trial, designed to assess the safety and efficacy of apitegromab, an investigational, highly selective myostatin in.
SRRK’s Market Performance
SRRK’s stock has fallen by -4.22% in the past week, with a monthly drop of -23.04% and a quarterly drop of -48.54%. The volatility ratio for the week is 6.58% while the volatility levels for the last 30 days are 7.57% for Scholar Rock Holding Corp The simple moving average for the past 20 days is -12.63% for SRRK’s stock, with a -38.74% simple moving average for the past 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 -32.94% 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 -62.45% of loss for the given period.
Volatility was left at 7.57%, however, over the last 30 days, the volatility rate increased by 6.58%, as shares sank -13.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.07% lower at present.
During the last 5 trading sessions, SRRK fell by -3.98%, which changed the moving average for the period of 200-days by +29.38% in comparison to the 20-day moving average, which settled at $9.04. In addition, Scholar Rock Holding Corp saw -57.71% 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 Myles Edward H, who sale 9,458 shares at the price of $8.98 back on Jun 17 ’24. After this action, Myles Edward H now owns 201,518 shares of Scholar Rock Holding Corp, valued at $84,978 using the latest closing price.
Ho Junlin, the GENERAL COUNSEL of Scholar Rock Holding Corp, sale 4,695 shares at $8.98 during a trade that took place back on Jun 17 ’24, which means that Ho Junlin is holding 204,076 shares at $42,183 based on the most recent closing price.
Stock Fundamentals for SRRK
Current profitability levels for the company are sitting at:
- -16.23 for the present operating margin
- 0.61 for the gross margin
The net margin for Scholar Rock Holding Corp stands at -15.72. The total capital return value is set at -0.82. Equity return is now at value -89.09, with -62.98 for asset returns.
Based on Scholar Rock Holding Corp (SRRK), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -2.63.
Currently, EBITDA for the company is -168.45 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 51.58. The receivables turnover for the company is 10.39for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.58.
Conclusion
In a nutshell, Scholar Rock Holding Corp (SRRK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
