Scholar Rock Holding Corp (NASDAQ: SRRK) is 2.55% higher on its value in year-to-date trading and has touched a low of $6.76 and a high of $46.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SRRK stock was last observed hovering at around $41.53 in the last trading session, with the day’s gains setting it 2.79%.
Currently trading at $44.32, the stock is 2.72% and 17.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 6.72% at the moment leaves the stock 133.34% off its SMA200. SRRK registered 171.40% gain for a year compared to 6-month gain of 376.05%. The firm has a 50-day simple moving average (SMA 50) of $37.3102 and a 200-day simple moving average (SMA200) of $18.86075.
The stock witnessed a 6.41% loss in the last 1 month and extending the period to 3 months gives it a 55.40%, and is 9.49% 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 6.46% over the week and 5.90% over the month.
Scholar Rock Holding Corp (SRRK) has around 150 employees, a market worth around $4.15B and $0.00M in sales. Distance from 52-week low is 555.62% and -4.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-161.68%).
The EPS is expected to shrink by -22.05% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
244.0 institutions hold shares in Scholar Rock Holding Corp (SRRK), with institutional investors hold 99.59% of the company’s shares. The shares outstanding are 80.08M, and float is at 71.51M with Short Float at 21.47%. Institutions hold 98.53% 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 Invus Public Equities, L.P., the company’s 10% Owner. SEC filings show that Invus Public Equities, L.P. sold 1,600,000 shares of the company’s common stock on Dec 10 ’24 at a price of $41.65 per share for a total of $66.64 million. Following the sale, the insider now owns 9.25 million shares.
Scholar Rock Holding Corp disclosed in a document filed with the SEC on Nov 25 ’24 that Invus Public Equities, L.P. (10% Owner) sold a total of 409,433 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $38.49 per share for $15.76 million. Following the transaction, the insider now directly holds 10.85 million shares of the SRRK stock.
Still, SEC filings show that on Nov 25 ’24, Marantz Jing L. (CHIEF MEDICAL OFFICER) disposed off 6,375 shares at an average price of $39.44 for $0.25 million. The insider now directly holds 72,855 shares of Scholar Rock Holding Corp (SRRK).
