That’s why I Feel Comfortable With Scholar Rock Holding Corp’s (SRRK) Future

A share price of Scholar Rock Holding Corp [SRRK] is currently trading at $29.92, up 12.19%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SRRK shares have gain 12.95% over the last week, with a monthly amount glided 3.14%, and 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 October 07, 2024, when H.C. Wainwright reiterated its Buy rating and also boosted its price target to $35 from $30. Previously, Raymond James started tracking the stock with Strong Buy rating on March 28, 2024, and set its price target to $30. On October 25, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $20 on the stock. Truist started tracking with a Buy rating for this stock on July 12, 2022, and assigned it a price target of $20. In a note dated March 23, 2022, H.C. Wainwright initiated an Buy rating and provided a target price of $24 on this stock.

Scholar Rock Holding Corp experienced fluctuations in its stock price throughout the past year between $6.76 and $35.38. Currently, Wall Street analysts expect the stock to reach $40.5 within the next 12 months. Scholar Rock Holding Corp [NASDAQ: SRRK] shares were valued at $29.92 at the most recent close of the market. An investor can expect a potential return of 35.36% based on the average SRRK price forecast.

Analyzing the SRRK fundamentals

Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -19.79%, Pretax Profit Margin comes in at -19.38%, and Net Profit Margin reading is -19.38%. To continue investigating profitability, this company’s Return on Assets is posted at -1.26, Equity is -1.46 and Total Capital is -1.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.

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 27.51 points at the first support level, and at 25.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.21, and for the 2nd resistance point, it is at 32.50.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Scholar Rock Holding Corp [NASDAQ:SRRK] is 3.88. In addition, the Quick Ratio stands at 3.88 and the Cash Ratio stands at 1.94.

Transactions by insiders

Recent insider trading involved Marantz Jing L., CHIEF MEDICAL OFFICER, that happened on Nov 11 ’24 when 2105.0 shares were sold. COO & CFO, Myles Edward H completed a deal on Oct 08 ’24 to sell 37187.0 shares. Meanwhile, COO & CFO Myles Edward H sold 0.21 million shares on Oct 07 ’24.

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