Moreover, the 36-month beta value for SRRK is 0.53. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SRRK is 71.51M and currently, short sellers hold a 21.08% of that float. On December 27, 2024, SRRK’s average trading volume was 2.09M shares.
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SRRK) stock’s latest price update
The stock price of Scholar Rock Holding Corp (NASDAQ: SRRK) has surged by 0.37 when compared to previous closing price of 45.56, but the company has seen a 10.86% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-13 that CAMBRIDGE, Mass.–(BUSINESS WIRE)–Scholar Rock (NASDAQ: SRRK; the “Company”), a late-stage biopharmaceutical company focused on advancing innovative treatments for spinal muscular atrophy, cardiometabolic disorders, and other serious diseases where protein growth factors play a fundamental role, today announced that the company granted inducement equity awards covering an aggregate of 208,800 shares of its common stock to twelve newly hired employees, consisting of inducement stock options to.
SRRK’s Market Performance
Scholar Rock Holding Corp (SRRK) has seen a 10.86% rise in stock performance for the week, with a 21.24% gain in the past month and a 428.67% surge in the past quarter. The volatility ratio for the week is 5.78%, and the volatility levels for the past 30 days are at 6.43% for SRRK. The simple moving average for the last 20 days is 8.07% for SRRK stock, with a simple moving average of 163.28% 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 $50 based on the research report published on November 26, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see SRRK reach a price target of $35, previously predicting the price at $30. The rating they have provided for SRRK stocks is “Buy” according to the report published on October 07th, 2024.
Raymond James gave a rating of “Strong Buy” to SRRK, setting the target price at $30 in the report published on March 28th of the current year.
SRRK Trading at 32.72% 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 -0.99% of loss for the given period.
Volatility was left at 6.43%, however, over the last 30 days, the volatility rate increased by 5.78%, as shares surge +23.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.23% upper at present.
During the last 5 trading sessions, SRRK rose by +10.86%, which changed the moving average for the period of 200-days by +175.32% in comparison to the 20-day moving average, which settled at $42.32. In addition, Scholar Rock Holding Corp saw 143.24% 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 Invus Public Equities, L.P., who sale 1,600,000 shares at the price of $41.65 back on Dec 10 ’24. After this action, Invus Public Equities, L.P. now owns 9,250,005 shares of Scholar Rock Holding Corp, valued at $66,640,000 using the latest closing price.
Invus Public Equities, L.P., the 10% Owner of Scholar Rock Holding Corp, sale 409,433 shares at $38.49 during a trade that took place back on Nov 25 ’24, which means that Invus Public Equities, L.P. is holding 10,850,005 shares at $15,757,639 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 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -3.77.
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 366.31. The receivables turnover for the company is 10.41for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.88.
Conclusion
To wrap up, the performance of Scholar Rock Holding Corp (SRRK) has been better in recent times. The stock has received a bullish of “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.
