In the last trading session, 1.73 million Scholar Rock Holding Corp (NASDAQ:SRRK) shares changed hands as the company’s beta touched 0.83. With the company’s per share price at $8.01 changed hands at -$0.72 or -8.25% during last session, the market valuation stood at $641.04M. SRRK’s last price was a discount, traded about -164.29% off its 52-week high of $21.17. The share price had its 52-week low at $6.22, which suggests the last value was 22.35% up since then. When we look at Scholar Rock Holding Corp’s average trading volume, we note the 10-day average is 1.14 million shares, with the 3-month average coming to 760.26K.
Analysts gave the Scholar Rock Holding Corp (SRRK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SRRK as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Scholar Rock Holding Corp’s EPS for the current quarter is expected to be -0.62.
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Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Instantly SRRK was in red as seen at the end of in last trading. With action -7.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -57.39%, with the 5-day performance at -7.61% in the red. However, in the 30-day time frame, Scholar Rock Holding Corp (NASDAQ:SRRK) is -14.06% down. Looking at the short shares, we see there were 16.62 million shares sold at short interest cover period of 28.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29.5, meaning bulls need an upside of 72.85% from its current market value. According to analyst projections, SRRK’s forecast low is 28 with 31 as the target high. To hit the forecast high, the stock’s price needs a -287.02% plunge from its current level, while the stock would need to soar -249.56% for it to hit the projected low.
Scholar Rock Holding Corp (SRRK) estimates and forecasts
Data shows that the Scholar Rock Holding Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -52.29% over the past 6 months, a -20.10% in annual growth rate that is considerably lower than the industry average of 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.79%. The 2024 estimates are for Scholar Rock Holding Corp earnings to decrease by -13.00%.
SRRK Dividends
Scholar Rock Holding Corp is expected to release its next quarterly earnings report in November.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.21% of Scholar Rock Holding Corp shares while 114.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 115.45%. There are 114.05% institutions holding the Scholar Rock Holding Corp stock share, with ARTAL GROUP S.A. the top institutional holder. As of 2024-06-30, the company held 11.7417% of the shares, roughly 11.26 million SRRK shares worth $93.79 million.
FMR LLC holds the second largest percentage of outstanding shares, with 10.3107% or 9.89 million shares worth $82.36 million as of 2024-06-30.
