Scholar Rock Holding Corp [SRRK] stock is trading at $14.89, up 2.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SRRK shares have gain 6.36% over the last week, with a monthly amount drifted -16.16%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Scholar Rock Holding Corp [NASDAQ: SRRK] stock has seen the most recent analyst activity on March 28, 2024, when Raymond James initiated its Strong Buy rating and assigned the stock a price target of $30. Previously, Jefferies upgraded its rating to Buy on October 25, 2023, and kept the price target unchanged to $20. Truist initiated its recommendation with a Buy and recommended $20 as its price target on July 12, 2022. H.C. Wainwright started tracking with a Buy rating for this stock on March 23, 2022, and assigned it a price target of $24. In a note dated December 22, 2021, Jefferies downgraded an Hold rating on this stock and revised its target price from $52 to $28.
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 $14.89 at the most recent close of the market.
Analyzing the SRRK fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -0.8 and Total Capital is -0.62. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 14.63 points at the first support level, and at 14.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.13, and for the 2nd resistance point, it is at 15.36.
Scholar Rock Holding Corp [SRRK] reported earnings per share of -$0.5 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.49/share, meaning a difference of -$0.01 and a surprise factor of -2.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.53 per share as compared to estimates of -$0.52 per share, a difference of -$0.01 representing a surprise of -1.90%.
Ratios To Look Out For
For context, Scholar Rock Holding Corp’s Current Ratio is 8.80. Also, the Quick Ratio is 8.80, while the Cash Ratio stands at 3.11.
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.
