The stock price of Scholar Rock Holding Corp (NASDAQ: SRRK) has surged by 0.44 when compared to previous closing price of 27.38, but the company has seen a -5.01% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Scholar Rock Holding Corporation (NASDAQ:SRRK ) Q3 2024 Earnings Conference Call November 12, 2024 8:15 AM ET Company Participants Jay Backstrom – President & CEO Ted Myles – COO & CFO Conference Call Participants Jenna Lee – Jefferies Etzer Darout – BMO Capital Markets Gary Nachman – Raymond James Alex Nugent – Truist Securities Limited Operator Good morning and welcome to Scholar Rock’s Third Quarter 2024 Financial Results and Business Update Call. All participants will be in listen-only mode.
Is It Worth Investing in Scholar Rock Holding Corp (NASDAQ: SRRK) Right Now?
Company’s 36-month beta value is 0.47.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SRRK is 76.83M, and currently, short sellers hold a 19.93% ratio of that floaft. The average trading volume of SRRK on November 15, 2024 was 1.85M shares.
SRRK’s Market Performance
SRRK’s stock has seen a -5.01% decrease for the week, with a -5.17% drop in the past month and a 195.06% gain in the past quarter. The volatility ratio for the week is 6.19%, and the volatility levels for the past 30 days are at 5.84% for Scholar Rock Holding Corp The simple moving average for the last 20 days is -4.90% for SRRK stock, with a simple moving average of 94.36% for the last 200 days.
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 35.87% 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 -22.27% of loss for the given period.
Volatility was left at 5.84%, however, over the last 30 days, the volatility rate increased by 6.19%, as shares sank -5.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +220.14% upper at present.
During the last 5 trading sessions, SRRK fell by -5.01%, which changed the moving average for the period of 200-days by +97.13% in comparison to the 20-day moving average, which settled at $28.92. In addition, Scholar Rock Holding Corp saw 46.28% 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 Marantz Jing L., who sale 2,105 shares at the price of $30.00 back on Nov 11 ’24. After this action, Marantz Jing L. now owns 72,855 shares of Scholar Rock Holding Corp, valued at $63,158 using the latest closing price.
Myles Edward H, the COO & CFO of Scholar Rock Holding Corp, sale 37,187 shares at $34.90 during a trade that took place back on Oct 08 ’24, which means that Myles Edward H is holding 161,088 shares at $1,297,659 based on the most recent closing price.
Stock Fundamentals for SRRK
Current profitability levels for the company are sitting at:
- -19.79 for the present operating margin
- 0.85 for the gross margin
The net margin for Scholar Rock Holding Corp stands at -19.38. The total capital return value is set at -1.65. Equity return is now at value -183.07, with -105.14 for asset returns.
Based on Scholar Rock Holding Corp (SRRK), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -2.83.
Currently, EBITDA for the company is -168.45 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 212.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.88.
Conclusion
In a nutshell, Scholar Rock Holding Corp (SRRK) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
