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The closing price of Scholar Rock Holding Corp (NASDAQ: SRRK) was $8.73 for the day, up 0.92% from the previous closing price of $8.65. In other words, the price has increased by $0.92 from its previous closing price. On the day, 1.01 million shares were traded. SRRK stock price reached its highest trading level at $8.88 during the session, while it also had its lowest trading level at $8.555.
Ratios:
Our analysis of SRRK’s different ratios will help us gain a deeper understanding of the company. 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, Raymond James on March 28, 2024, initiated with a Strong Buy rating and assigned the stock a target price of $30.
On October 25, 2023, Jefferies Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $20.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when Qatanani Mo sold 1,936 shares for $8.58 per share. The transaction valued at 16,611 led to the insider holds 142,768 shares of the business.
Parlavecchio Caryn sold 1,451 shares of SRRK for $13,538 on Aug 16 ’24. The CHRO now owns 151,988 shares after completing the transaction at $9.33 per share. On Jun 17 ’24, another insider, Qatanani Mo, who serves as the CHIEF SCIENTIFIC OFFICER of the company, sold 2,315 shares for $8.98 each. As a result, the insider received 20,800 and left with 144,704 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 698684544 and an Enterprise Value of 576234816.
Stock Price History:
Over the past 52 weeks, SRRK has reached a high of $21.17, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is -1.79%, while the 200-Day Moving Average is calculated to be -31.21%.
Shares Statistics:
SRRK traded an average of 762.98K shares per day over the past three months and 1021330 shares per day over the past ten days. A total of 75.98M shares are outstanding, with a floating share count of 65.38M. Insiders hold about 18.30% of the company’s shares, while institutions hold 95.26% stake in the company. Shares short for SRRK as of 1726185600 were 16620796 with a Short Ratio of 21.78, compared to 1723680000 on 14913742. Therefore, it implies a Short% of Shares Outstanding of 16620796 and a Short% of Float of 44.919997.
