The stock price of Scholar Rock Holding Corp (NASDAQ: SRRK) has surged by 7.05 when compared to previous closing price of 8.51, but the company has seen a 6.30% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-29 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 management will participate in the following upcoming investor conferences in September: Morgan Stanley 22nd Annual Global Healthcare Conference: Scholar Rock is scheduled to participate in.
Is It Worth Investing in Scholar Rock Holding Corp (NASDAQ: SRRK) Right Now?
The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SRRK is 65.38M, and at present, short sellers hold a 24.33% of that float. On September 20, 2024, the average trading volume of SRRK was 782.19K shares.
SRRK’s Market Performance
SRRK stock saw a decrease of 6.30% in the past week, with a monthly decline of -1.62% and a quarterly a decrease of 7.81%. The volatility ratio for the week is 7.21%, and the volatility levels for the last 30 days are 6.77% for Scholar Rock Holding Corp (SRRK). The simple moving average for the last 20 days is 4.10% for SRRK stock, with a simple moving average of -29.28% 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 2.12% 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 -56.97% of loss for the given period.
Volatility was left at 6.77%, however, over the last 30 days, the volatility rate increased by 7.21%, as shares surge +3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.26% upper at present.
During the last 5 trading sessions, SRRK rose by +8.63%, which changed the moving average for the period of 200-days by -35.79% in comparison to the 20-day moving average, which settled at $8.77. In addition, Scholar Rock Holding Corp saw -51.54% 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 Qatanani Mo, who sale 1,936 shares at the price of $8.58 back on Sep 16 ’24. After this action, Qatanani Mo now owns 142,768 shares of Scholar Rock Holding Corp, valued at $16,611 using the latest closing price.
Parlavecchio Caryn, the CHRO of Scholar Rock Holding Corp, sale 1,451 shares at $9.33 during a trade that took place back on Aug 16 ’24, which means that Parlavecchio Caryn is holding 151,988 shares at $13,538 based on the most recent closing price.
Stock Fundamentals for SRRK
Current profitability levels for the company are sitting at:
- -17.98 for the present operating margin
- 0.79 for the gross margin
The net margin for Scholar Rock Holding Corp stands at -17.48. The total capital return value is set at -1.08. Equity return is now at value -121.29, with -79.66 for asset returns.
Based on Scholar Rock Holding Corp (SRRK), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -3.0.
Currently, EBITDA for the company is -168.45 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 59.6. The receivables turnover for the company is 9.05for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.04.
Conclusion
To sum up, Scholar Rock Holding Corp (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.
