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As of close of business last night, Scholar Rock Holding Corp’s stock clocked out at $9.42, up 1.62% from its previous closing price of $9.27. In other words, the price has increased by $1.62 from its previous closing price. On the day, 0.54 million shares were traded. SRRK stock price reached its highest trading level at $9.68 during the session, while it also had its lowest trading level at $9.2516.
Ratios:
To gain a deeper understanding of SRRK’s stock, we examine 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 16 ’24 when Parlavecchio Caryn sold 1,451 shares for $9.33 per share. The transaction valued at 13,538 led to the insider holds 151,988 shares of the business.
Qatanani Mo sold 2,315 shares of SRRK for $20,800 on Jun 17 ’24. The CHIEF SCIENTIFIC OFFICER now owns 144,704 shares after completing the transaction at $8.98 per share. On Jun 17 ’24, another insider, Parlavecchio Caryn, who serves as the CHRO of the company, sold 4,305 shares for $8.98 each. As a result, the insider received 38,680 and left with 153,439 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 753907072 and an Enterprise Value of 631457280.
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 $5.93. The 50-Day Moving Average of the stock is 7.42%, while the 200-Day Moving Average is calculated to be -28.34%.
Shares Statistics:
It appears that SRRK traded 884.65K shares on average per day over the past three months and 623340 shares per day over the past ten days. A total of 75.98M shares are outstanding, with a floating share count of 65.33M. Insiders hold about 18.37% of the company’s shares, while institutions hold 95.22% stake in the company. Shares short for SRRK as of 1722384000 were 14439769 with a Short Ratio of 16.32, compared to 1719532800 on 13363833. Therefore, it implies a Short% of Shares Outstanding of 14439769 and a Short% of Float of 39.069998.
