The stock of Scholar Rock Holding Corp (SRRK) has gone up by 1.96% for the week, with a 235.64% rise in the past month and a 229.19% rise in the past quarter. The volatility ratio for the week is 5.54%, and the volatility levels for the past 30 days are 10.50% for SRRK. The simple moving average for the last 20 days is 41.13% for SRRK stock, with a simple moving average of 123.54% for the last 200 days.
Is It Worth Investing in Scholar Rock Holding Corp (NASDAQ: SRRK) Right Now?
The 36-month beta value for SRRK is also noteworthy at 0.88. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SRRK is 75.10M, and at present, short sellers hold a 21.99% of that float. The average trading volume of SRRK on October 23, 2024 was 1.79M shares.
SRRK) stock’s latest price update
Scholar Rock Holding Corp (NASDAQ: SRRK)’s stock price has decreased by -2.87 compared to its previous closing price of 29.96. However, the company has seen a 1.96% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-10-22 that CAMBRIDGE, Mass.–(BUSINESS WIRE)–Scholar Rock Holding Corporation (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 on October 16, 2024, the underwriters of its previously announced underwritten public offering of common stock and pre-funded warrants, which closed on October 10, 2024,.
Analysts’ Opinion of SRRK
Many brokerage firms have already submitted their reports for SRRK stocks, with H.C. Wainwright repeating the rating for SRRK by listing it as a “Buy.” The predicted price for SRRK in the upcoming period, according to H.C. Wainwright is $35 based on the research report published on October 07, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SRRK reach a price target of $30. The rating they have provided for SRRK stocks is “Strong Buy” according to the report published on March 28th, 2024.
Jefferies gave a rating of “Buy” to SRRK, setting the target price at $20 in the report published on October 25th of the previous year.
SRRK Trading at 114.06% 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 -17.75% of loss for the given period.
Volatility was left at 10.50%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares surge +236.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +206.96% upper at present.
During the last 5 trading sessions, SRRK rose by +1.96%, which changed the moving average for the period of 200-days by +80.30% in comparison to the 20-day moving average, which settled at $20.62. In addition, Scholar Rock Holding Corp saw 54.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SRRK starting from Myles Edward H, who sale 37,187 shares at the price of $34.90 back on Oct 08 ’24. After this action, Myles Edward H now owns 161,088 shares of Scholar Rock Holding Corp, valued at $1,297,659 using the latest closing price.
Myles Edward H, the COO & CFO of Scholar Rock Holding Corp, sale 206,240 shares at $26.56 during a trade that took place back on Oct 07 ’24, which means that Myles Edward H is holding 161,088 shares at $5,477,546 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 223.19. 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
In summary, Scholar Rock Holding Corp (SRRK) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
