Scholar Rock Holding Corp (NASDAQ: SRRK) is -54.20% lower on its value in year-to-date trading and has touched a low of $6.18 and a high of $21.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SRRK stock was last observed hovering at around $8.64 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $8.61, the stock is -1.06% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -0.35% at the moment leaves the stock -32.65% off its SMA200. SRRK registered 33.70% gain for a year compared to 6-month loss of -42.60%. The firm has a 50-day simple moving average (SMA 50) of $8.8954 and a 200-day simple moving average (SMA200) of $12.7396.
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The stock witnessed a -8.60% gain in the last 1 month and extending the period to 3 months gives it a 9.82%, and is 4.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.87% over the week and 7.76% over the month.
Scholar Rock Holding Corp (SRRK) has around 150 employees, a market worth around $689.06M and $0.00M in sales. Distance from 52-week low is 39.32% and -59.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-105.14%).
Scholar Rock Holding Corp quarterly earnings per share for the current quarter are estimated at -0.62.The EPS is expected to shrink by -13.00% this year
236.0 institutions hold shares in Scholar Rock Holding Corp (SRRK), with institutional investors hold 115.45% of the company’s shares. The shares outstanding are 75.98M, and float is at 65.38M with Short Float at 25.42%. Institutions hold 114.05% of the Float.
The top institutional shareholder in the company is ARTAL GROUP S.A. with over 11.26 million shares valued at $93.79 million. The investor’s holdings represent 11.7417 of the SRRK Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 9.89 million shares valued at $82.36 million to account for 10.3107 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.19 million shares representing 8.5389 and valued at over $68.21 million, while SAMSARA BIOCAPITAL, LLC holds 7.0794 of the shares totaling 6.79 million with a market value of $56.55 million.
Scholar Rock Holding Corp (SRRK) Insider Activity
The most recent transaction is an insider sale by Qatanani Mo, the company’s CHIEF SCIENTIFIC OFFICER. SEC filings show that Qatanani Mo sold 1,936 shares of the company’s common stock on Sep 16 ’24 at a price of $8.58 per share for a total of $16611.0. Following the sale, the insider now owns 0.14 million shares.
Scholar Rock Holding Corp disclosed in a document filed with the SEC on Aug 16 ’24 that Parlavecchio Caryn (CHRO) sold a total of 1,451 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $9.33 per share for $13538.0. Following the transaction, the insider now directly holds 0.15 million shares of the SRRK stock.
Still, SEC filings show that on Jun 17 ’24, Qatanani Mo (CHIEF SCIENTIFIC OFFICER) disposed off 2,315 shares at an average price of $8.98 for $20800.0. The insider now directly holds 144,704 shares of Scholar Rock Holding Corp (SRRK).
