In the last trading session, 1.98 million shares of the Scholar Rock Holding Corp (NASDAQ:SRRK) were traded, and its beta was 0.45. Most recently the company’s share price was $28.93, and it changed around $0.93 or 3.32% from the last close, which brings the market valuation of the company to $2.74B. SRRK currently trades at a discount to its 52-week high of $46.98, offering almost -62.39% off that amount. The share price’s 52-week low was $6.76, which indicates that the current value has risen by an impressive 76.63% since then. We note from Scholar Rock Holding Corp’s average daily trading volume that its 10-day average is 1.77 million shares, with the 3-month average coming to 1.09 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 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended SRRK as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Scholar Rock Holding Corp is expected to report earnings per share of -0.71 for the current quarter.
Scholar Rock Holding Corp (NASDAQ:SRRK) trade information
Instantly SRRK has showed a green trend with a performance of 3.32% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 29.59 on recent trading dayincreased the stock’s daily price by 2.23%. The company’s shares are currently down -33.06% year-to-date, but still up 11.10% over the last five days. On the other hand, Scholar Rock Holding Corp (NASDAQ:SRRK) is -16.39% down in the 30-day period. We can see from the shorts that 16.28 million shares have been sold at a short interest cover period of 14.29 day(s).
The consensus price target as assigned by Wall Street analysts is $40.5, which translates to bulls needing to increase their stock price by 28.57% from its current value. Analyst projections state that SRRK is forecast to be at a low of $39 and a high of $42.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.90%.
SRRK Dividends
Scholar Rock Holding Corp’s next quarterly earnings report is expected to be released on 2025-Feb-26.
Scholar Rock Holding Corp (NASDAQ:SRRK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.17% of Scholar Rock Holding Corp shares, and 116.62% of them are in the hands of institutional investors. The stock currently has a share float of 118.01%. Scholar Rock Holding Corp stock is held by 308.0 institutions, with ARTAL GROUP S.A. being the largest institutional investor. By 2024-06-30, it held 11.6301% of the shares, which is about 11.26 million shares worth $93.79 million.
FMR LLC, with 10.2127% or 9.89 million shares worth $82.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
T. Rowe Price New Horizons Fund, Inc. and Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.03 shares worth $116.65 million, making up 4.26% of all outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held roughly 3.4 shares worth around $98.27 million, which represents about 3.59% of the total shares outstanding.
