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Scholar Rock Holding Corporation (NASDAQ:SRRK) Is Down -2.84 Percent Over The Past 30 Days: What’s Next?

In last trading session, Scholar Rock Holding Corporation (NASDAQ:SRRK) saw 0.1 million shares changing hands with its beta currently measuring 0.78. Company’s recent per share price level of $7.87 trading at -$0.09 or -1.13% at ring of the bell on the day assigns it a market valuation of $432.38M. That closing price of SRRK’s stock is at a discount of -276.62% from its 52-week high price of $29.64 and is indicating a premium of 45.11% from its 52-week low price of $4.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 246.45K if we extend that period to 3-months.

For Scholar Rock Holding Corporation (SRRK), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.69 in the current quarter.

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Scholar Rock Holding Corporation (NASDAQ:SRRK) trade information

Upright in the red during last session for losing -1.13%, in the last five days SRRK remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $7.87 price level, adding 17.16% to its value on the day. Scholar Rock Holding Corporation’s shares saw a change of -68.32% in year-to-date performance and have moved -13.04% in past 5-day. Scholar Rock Holding Corporation (NASDAQ:SRRK) showed a performance of -2.84% in past 30-days. Number of shares sold short was 2.32 million shares which calculate 8.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $22.57 to the stock, which implies a rise of 65.13% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $32.00. It follows that stock’s current price would drop -306.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -27.06% for stock’s current value.

Scholar Rock Holding Corporation (SRRK) estimates and forecasts

Statistics highlight that Scholar Rock Holding Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 57.72% of value to its shares in past 6 months, showing an annual growth rate of 33.98% while that of industry is 4.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 32.40% in the current quarter and calculating 35.10% increase in the next quarter. This year revenue growth is estimated to rise 76.20% from the last financial year’s standing.

Company posted $4.64 million and $4.05 million of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -40.20% during past 5 years.

SRRK Dividends

Scholar Rock Holding Corporation is more likely to be releasing its next quarterly report between November 07 and November 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 2.86% of company’s total shares while institution are holding 103.02 percent of that, with stock having share float percentage of 106.05%. Investors also watch the number of corporate investors in a company very closely, which is 103.02% institutions for Scholar Rock Holding Corporation that are currently holding shares of the company. Artal Group S.A. is the top institutional holder at SRRK for having 8.75 million shares of worth $48.04 million. And as of Jun 29, 2022, it was holding 16.94% of the company’s outstanding shares.

The second largest institutional holder is Price (T.Rowe) Associates Inc, which was holding about 8.44 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 16.34% of outstanding shares, having a total worth of $46.31 million.

On the other hand, Price (T.Rowe) New Horizons Fund and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.92 million shares of worth $16.03 million or 5.65% of the total outstanding shares. The later fund manager was in possession of 1.75 million shares on Jul 30, 2022, making its stake of worth around $11.98 million in the company or a holder of 3.38% of company’s stock.

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