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After finishing at $29.96 in the prior trading day, Scholar Rock Holding Corp (NASDAQ: SRRK) closed at $29.10, down -2.87%. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 1.31 million shares were traded. SRRK stock price reached its highest trading level at $30.11 during the session, while it also had its lowest trading level at $29.05.
Ratios:
Our goal is to gain a better understanding of SRRK by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.04 and its Current Ratio is at 6.04. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on October 07, 2024, Reiterated its Buy rating but revised its target price to $35 from $30 previously.
On March 28, 2024, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $30.
Jefferies Upgraded its Hold to Buy on October 25, 2023, while the target price for the stock was maintained at $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 08 ’24 when Myles Edward H sold 37,187 shares for $34.90 per share. The transaction valued at 1,297,659 led to the insider holds 161,088 shares of the business.
Myles Edward H sold 206,240 shares of SRRK for $5,477,546 on Oct 07 ’24. The COO & CFO now owns 161,088 shares after completing the transaction at $26.56 per share. On Oct 07 ’24, another insider, Sacco Tracey, who serves as the CHIEF COMMERCIAL OFFICER of the company, sold 30,000 shares for $25.62 each. As a result, the insider received 768,677 and left with 49,285 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SRRK now has a Market Capitalization of 2627674624 and an Enterprise Value of 2206499328.
Stock Price History:
Over the past 52 weeks, SRRK has reached a high of $35.38, while it has fallen to a 52-week low of $6.76. The 50-Day Moving Average of the stock is 114.06%, while the 200-Day Moving Average is calculated to be 123.54%.
Shares Statistics:
The stock has traded on average 1.79M shares per day over the past 3-months and 3233370 shares per day over the last 10 days, according to various share statistics. A total of 75.98M shares are outstanding, with a floating share count of 75.10M. Insiders hold about 16.83% of the company’s shares, while institutions hold 84.69% stake in the company. Shares short for SRRK as of 1727654400 were 16516069 with a Short Ratio of 9.21, compared to 1724976000 on 15907207. Therefore, it implies a Short% of Shares Outstanding of 16516069 and a Short% of Float of 44.64.
