In the last trading session, 2.0 million shares of the Scholar Rock Holding Corp (NASDAQ:SRRK) were traded, and its beta was 0.37. Most recently the company’s share price was $29.31, and it changed around -$3.26 or -10.01% from the last close, which brings the market valuation of the company to $2.78B. SRRK currently trades at a discount to its 52-week high of $46.98, offering almost -60.29% off that amount. The share price’s 52-week low was $6.76, which indicates that the current value has risen by an impressive 76.94% since then.
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 red trend with a performance of -10.01% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.48 on recent trading dayincreased the stock’s daily price by 12.46%. The company’s shares are currently down -32.18% year-to-date, but still down -10.56% over the last five days. On the other hand, Scholar Rock Holding Corp (NASDAQ:SRRK) is 8.96% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $39, which translates to bulls needing to increase their stock price by 24.85% from its current value. Analyst projections state that SRRK is forecast to be at a low of $39 and a high of $39.
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 in June.
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 $118.18 million, making up 4.25% of all outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held roughly 3.47 shares worth around $101.79 million, which represents about 3.66% of the total shares outstanding.
