In last trading session, Scholar Rock Holding Corp (NASDAQ:SRRK) saw 1.63 million shares changing hands with its beta currently measuring 0.54. Company’s recent per share price level of $41.25 trading at -$2.4 or -5.50% at ring of the bell on the day assigns it a market valuation of $3.86B. That closing price of SRRK’s stock is at a discount of -11.98% from its 52-week high price of $46.19 and is indicating a premium of 83.61% from its 52-week low price of $6.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 2.08 million if we extend that period to 3-months.
For Scholar Rock Holding Corp (SRRK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.58 in the current quarter.
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Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Upright in the red during last session for losing -5.50%, in the last five days SRRK remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $41.25 price level, adding 6.72% to its value on the day. Scholar Rock Holding Corp’s shares saw a change of 119.41% in year-to-date performance and have moved -2.20% in past 5-day. Scholar Rock Holding Corp (NASDAQ:SRRK) showed a performance of 56.37% in past 30-days. Number of shares sold short was 14.75 million shares which calculate 12.52 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40.5 to the stock, which implies a fall of -1.85% to its current value. Analysts have been projecting 39 as a low price target for the stock while placing it at a high target of 42. It follows that stock’s current price would jump 5.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 5.45% for stock’s current value.
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 396.99% of value to its shares in past 6 months, showing an annual growth rate of -21.61% while that of industry is 17.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
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.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
Insiders are in possession of 1.07% of company’s total shares while institution are holding 98.69 percent of that, with stock having share float percentage of 99.76%. Investors also watch the number of corporate investors in a company very closely, which is 98.69% 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 11.26 million shares of worth $93.79 million. And as of 2024-06-30, it was holding 11.7417 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 9.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.3107 of outstanding shares, having a total worth of $82.36 million.