During the recent session, Scholar Rock Holding Corp (NASDAQ:SRRK)’s traded shares were 0.66 million, with the beta value of the company hitting 0.70. At the last check today, the stock’s price was $26.53, reflecting an intraday gain of 1.51% or $0.39. The 52-week high for the SRRK share is $35.38, that puts it down -33.36 from that peak though still a striking 75.57% gain since the share price plummeted to a 52-week low of $6.48. The company’s market capitalization is $2.12B, and the average intraday trading volume over the past 10 days was 6.85 million shares, and the average trade volume was 1.66 million shares over the past three months.
Scholar Rock Holding Corp (SRRK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SRRK has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.6.
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Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Scholar Rock Holding Corp (SRRK) registered a 1.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.51% in intraday trading to $26.53, hitting a weekly high. The stock’s 5-day price performance is 257.61%, and it has moved by 221.25% in 30 days. Based on these gigs, the overall price performance for the year is 287.37%. The short interest in Scholar Rock Holding Corp (NASDAQ:SRRK) is 16.52 million shares and it means that shorts have 19.08 day(s) to cover.
The consensus price target of analysts on Wall Street is $29.5, which implies an increase of 10.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $28 and $31 respectively. As a result, SRRK is trading at a discount of -16.85% off the target high and -5.54% off the low.
Scholar Rock Holding Corp (SRRK) estimates and forecasts
Statistics show that Scholar Rock Holding Corp has underperformed its competitors in share price, compared to the industry in which it operates. Scholar Rock Holding Corp (SRRK) shares have gone up 97.29% during the last six months, with a year-to-date growth rate less than the industry average at -19.60% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -13.20% this quarter and then drop -16.00% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.79%. While earnings are projected to return -13.82% in 2024.
SRRK Dividends
Scholar Rock Holding Corp is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
Scholar Rock Holding Corp insiders own 1.07% of total outstanding shares while institutional holders control 99.86%, with the float percentage being 100.94%. ARTAL GROUP S.A. is the largest shareholder of the company, while 235.0 institutions own stock in it. As of 2024-06-30, the company held over 11.26 million shares (or 11.7417% of all shares), a total value of $93.79 million in shares.
The next largest institutional holding, with 9.89 million shares, is of FMR LLC’s that is approximately 10.3107% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $82.36 million.
