In last trading session, Scholar Rock Holding Corp (NASDAQ:SRRK) saw 0.51 million shares changing hands with its beta currently measuring 0.92. Company’s recent per share price level of $13.45 trading at -$0.72 or -5.08% at ring of the bell on the day assigns it a market valuation of $1.05B. That closing price of SRRK’s stock is at a discount of -57.4% from its 52-week high price of $21.17 and is indicating a premium of 58.66% from its 52-week low price of $5.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.55 million shares which gives us an average trading volume of 793.75K if we extend that period to 3-months.
Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Upright in the red during last session for losing -5.08%, in the last five days SRRK remained trading in the red while hitting it’s week-highest on Friday, 04/12/24 when the stock touched $13.45 price level, adding 9.49% to its value on the day. Scholar Rock Holding Corp’s shares saw a change of -28.46% in year-to-date performance and have moved -6.53% in past 5-day. Scholar Rock Holding Corp (NASDAQ:SRRK) showed a performance of -17.89% in past 30-days. Number of shares sold short was 12.52 million shares which calculate 10.11 days to cover the short interests.
Scholar Rock Holding Corp (SRRK) estimates and forecasts
Statistics highlight that Scholar Rock Holding Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 96.35% of value to its shares in past 6 months, showing an annual growth rate of -1.01% while that of industry is 13.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -4.10% in the current quarter and calculating -8.50% decrease in the next quarter.
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 8.79% during past 5 years.
SRRK Dividends
Scholar Rock Holding Corp is more likely to be releasing its next quarterly report between May 07 and May 13 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 Corp (NASDAQ:SRRK)’s Major holders
Insiders are in possession of 2.22% of company’s total shares while institution are holding 106.94 percent of that, with stock having share float percentage of 109.37%. Investors also watch the number of corporate investors in a company very closely, which is 106.94% institutions for Scholar Rock Holding Corp that are currently holding shares of the company. Artal Group S.A. is the top institutional holder at SRRK for having 9.06 million shares of worth $68.31 million. And as of Jun 29, 2023, it was holding 16.11% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 7.71 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 13.72% of outstanding shares, having a total worth of $58.17 million.
On the other hand, Price (T.Rowe) New Horizons Fund and Price (T.Rowe) Health Sciences Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 3.29 million shares of worth $24.84 million or 5.86% of the total outstanding shares. The later fund manager was in possession of 1.79 million shares on Jun 29, 2023, making its stake of worth around $13.53 million in the company or a holder of 3.19% of company’s stock.
