Boom Or Bust? Where Will Scholar Rock Holding Corporation (NASDAQ: SRRK) Stock Go Next? – Marketing Sentinel
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Boom Or Bust? Where Will Scholar Rock Holding Corporation (NASDAQ: SRRK) Stock Go Next?

During the last session, Scholar Rock Holding Corporation (NASDAQ:SRRK)’s traded shares were 1.3 million, with the beta value of the company hitting 0.58. At the end of the trading day, the stock’s price was $6.23, reflecting an intraday gain of 14.10% or $0.77. The 52-week high for the SRRK share is $44.95, that puts it down -621.51 from that peak though still a striking 30.66% gain since the share price plummeted to a 52-week low of $4.32. The company’s market capitalization is $198.36M, and the average intraday trading volume over the past 10 days was 4.23 million shares, and the average trade volume was 1.12 million shares over the past three months.

Scholar Rock Holding Corporation (SRRK) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. SRRK has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.62.

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Scholar Rock Holding Corporation (NASDAQ:SRRK) trade information

Scholar Rock Holding Corporation (SRRK) registered a 14.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.10% in intraday trading to $6.23 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 23.61%, and it has moved by 20.27% in 30 days. Based on these gigs, the overall price performance for the year is -78.34%. The short interest in Scholar Rock Holding Corporation (NASDAQ:SRRK) is 5.07 million shares and it means that shorts have 12.41 day(s) to cover.

The consensus price target of analysts on Wall Street is $28.17, which implies an increase of 77.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $55.00 respectively. As a result, SRRK is trading at a discount of -782.83% off the target high and 3.69% off the low.

Scholar Rock Holding Corporation (SRRK) estimates and forecasts

Statistics show that Scholar Rock Holding Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Scholar Rock Holding Corporation (SRRK) shares have gone down -76.63% during the last six months, with a year-to-date growth rate more than the industry average at 21.17% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 18.40% this quarter and then drop -32.10% in the quarter after that. In the rating firms’ projections, revenue will increase 0.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $18.97 million as predicted by 7 analyst(s). As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $4.71 million and $4.59 million respectively.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -40.20%. While earnings are projected to return -27.60% in 2022.

SRRK Dividends

Scholar Rock Holding Corporation is due to release its next quarterly earnings between March 07 and March 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Scholar Rock Holding Corporation (NASDAQ:SRRK)’s Major holders

Scholar Rock Holding Corporation insiders own 4.23% of total outstanding shares while institutional holders control 99.72%, with the float percentage being 104.12%. FMR, LLC is the largest shareholder of the company, while 157 institutions own stock in it. As of Dec 30, 2021, the company held over 5.27 million shares (or 14.92% of all shares), a total value of $130.81 million in shares.

The next largest institutional holding, with 5.26 million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 14.91% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $130.72 million.

Also, the Mutual Funds coming in first place with the largest holdings of Scholar Rock Holding Corporation (SRRK) shares are Price (T.Rowe) New Horizons Fund and Fidelity Select Portfolios – Biotechnology. Data provided on Dec 30, 2021 indicates that Price (T.Rowe) New Horizons Fund owns about 1.68 million shares. This amounts to just over 4.75 percent of the company’s overall shares, with a $41.65 million market value. The same data shows that the other fund manager holds slightly less at 1.54 million, or about 4.37% of the stock, which is worth about $26.85 million.

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