In recent trading session today, 2.36 million shares of the Scholar Rock Holding Corp (NASDAQ:SRRK) have been traded, and its beta is 0.35. Most recently the company’s share price was $31.86, and it changed around -$2.42 or -7.06% from the last close, which brings the market valuation of the company to $2.55B. SRRK at last check was trading at a discount to its 52-week high of $34.38, offering almost -7.91% off that amount. The share price’s 52-week low was $6.48, which indicates that the recent value has risen by an impressive 79.66% since then. We note from Scholar Rock Holding Corp’s average daily trading volume that its 10-day average is 5.29 million shares, with the 3-month average coming to 1.40 million.
Scholar Rock Holding Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended SRRK as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Scholar Rock Holding Corp is expected to report earnings per share of -0.6 for the current quarter.
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Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Instantly SRRK has been showing red trend so far today with a performance of -7.06% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 35.38 on recent trading dayincreased the stock’s daily price by 9.95%. The company’s shares are currently up 69.47% year-to-date, but still up 327.65% over the last five days. On the other hand, Scholar Rock Holding Corp (NASDAQ:SRRK) is 275.27% up in the 30-day period. We can see from the shorts that 16.62 million shares have been sold at a short interest cover period of 28.15 day(s).
The consensus price target as assigned by Wall Street analysts is $29.5, which translates to bulls needing to decrease their stock price by -8.0% from its current value. Analyst projections state that SRRK is forecast to be at a low of $28 and a high of $31.
Scholar Rock Holding Corp (SRRK) estimates and forecasts
Scholar Rock Holding Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 114.98 percent over the past six months and at a -20.10% annual growth rate that is well below the industry average of 17.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.20% in revenue this quarter, and will report a decrease of -16.00% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.79%.
SRRK Dividends
Scholar Rock Holding Corp’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.21% of Scholar Rock Holding Corp shares, and 114.03% of them are in the hands of institutional investors. The stock currently has a share float of 115.42%. Scholar Rock Holding Corp stock is held by 234.0 institutions, with ARTAL GROUP S.A. being the largest institutional investor. By 2024-06-30, it held 11.7417% of the shares, which is about 11.26 million shares worth $93.79 million.
FMR LLC, with 10.3107% or 9.89 million shares worth $82.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Price (T.Rowe) New Horizons Fund and Fidelity Growth Company Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 3.93 shares worth $122.09 million, making up 4.92% of all outstanding shares. On the other hand, Fidelity Growth Company Fund held roughly 2.72 shares worth around $84.32 million, which represents about 3.40% of the total shares outstanding.
