Scholar Rock Holding Corp [SRRK] stock is trading at $16.28, down -4.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The SRRK shares have gain 5.99% over the last week, with a monthly amount glided 3.63%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Scholar Rock to Participate in Upcoming Investor Conferences. In a post published today on Yahoo Finance, Scholar Rock (NASDAQ: SRRK), a late-stage biopharmaceutical company focused on advancing innovative treatments for spinal muscular atrophy (SMA), cardiometabolic disorders, and other serious diseases where protein growth factors play a fundamental role, today announced that management will participate in and attend the following upcoming investor conferences in March:.
From an analyst’s perspective:
Scholar Rock Holding Corp [NASDAQ: SRRK] stock has seen the most recent analyst activity on October 25, 2023, when Jefferies upgraded its rating to a Buy but kept the price target unchanged to $20 for it. Truist started tracking the stock assigning a Buy rating and suggested a price target of $20 on July 12, 2022. H.C. Wainwright initiated its recommendation with a Buy and recommended $24 as its price target on March 23, 2022. Jefferies downgraded its rating to Hold for this stock on December 22, 2021, and downed its price target to $28. In a note dated November 19, 2021, Piper Sandler initiated an Overweight rating and provided a target price of $56 on this stock.
Scholar Rock Holding Corp [SRRK] stock has fluctuated between $5.56 and $21.17 over the past year. Scholar Rock Holding Corp [NASDAQ: SRRK] shares were valued at $16.28 at the most recent close of the market.
Analyzing the SRRK fundamentals
Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -4.93%, Pretax Profit Margin comes in at -4.79%, and Net Profit Margin reading is -4.72%. To continue investigating profitability, this company’s Return on Assets is posted at -0.62, Equity is -0.73 and Total Capital is -0.73. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.87 points at the first support level, and at 15.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.06, and for the 2nd resistance point, it is at 17.83.
Scholar Rock Holding Corp [SRRK] reported earnings per share of -$0.53 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.52/share, meaning a difference of -$0.01 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.47 per share as compared to estimates of -$0.55 per share, a difference of $0.08 representing a surprise of 14.50%.
Ratios To Look Out For
For context, Scholar Rock Holding Corp’s Current Ratio is 8.55. On the other hand, the Quick Ratio is 8.55, and the Cash Ratio is 2.53.
Transactions by insiders
Recent insider trading involved Backstrom Jay T., CHIEF EXECUTIVE OFFICER, that happened on Feb 16 ’24 when 11614.0 shares were sold. COO & CFO, Myles Edward H completed a deal on Feb 16 ’24 to sell 4744.0 shares. Meanwhile, CHRO Parlavecchio Caryn sold 3751.0 shares on Feb 16 ’24.
