Scholar Rock Holding Corp (NASDAQ:SRRK) has a beta value of 0.48 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $2.56B, closed the last trade at $28.42 per share which meant it lost -$0.02 on the day or -0.07% during that session. The SRRK stock price is -24.49% off its 52-week high price of $35.38 and 76.21% above the 52-week low of $6.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.01 million shares traded. The 3-month trading volume is 1.83 million shares.
The consensus among analysts is that Scholar Rock Holding Corp (SRRK) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.6.
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Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Sporting -0.07% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SRRK stock price touched $28.42 or saw a rise of 9.03%. Year-to-date, Scholar Rock Holding Corp shares have moved 51.17%, while the 5-day performance has seen it change -4.98%. Over the past 30 days, the shares of Scholar Rock Holding Corp (NASDAQ:SRRK) have changed 301.98%. Short interest in the company has seen 14.93 million shares shorted with days to cover at 3.84.
Wall Street analysts have a consensus price target for the stock at $40, which means that the shares’ value could jump 28.95% from current levels. The projected low price target is $38.0 while the price target rests at a high of $42.0. In that case, then, we find that the current price level is -47.78% off the targeted high while a plunge would see the stock gain -33.71% from current levels.
Scholar Rock Holding Corp (SRRK) estimates and forecasts
Figures show that Scholar Rock Holding Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 85.15% over the past 6 months, with this year growth rate of -19.10%, compared to 17.50% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 8.79% over the past 5 years.
SRRK Dividends
Scholar Rock Holding Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
Insiders own 1.07% of the company shares, while shares held by institutions stand at 100.84% with a share float percentage of 101.93%. Investors are also buoyed by the number of investors in a company, with Scholar Rock Holding Corp having a total of 235.0 institutions that hold shares in the company. The top two institutional holders are ARTAL GROUP S.A. with over 11.26 million shares worth more than $93.79 million. As of 2024-06-30, ARTAL GROUP S.A. held 11.7417% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 9.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $82.36 million and represent 10.3107% of shares outstanding.
