As of close of business last night, Scholar Rock Holding Corp’s stock clocked out at $14.02, down -5.40% from its previous closing price of $14.82. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 547632 shares were traded.
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 8.80 and its Current Ratio is at 8.80. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.24.
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 Feb 16 ’24 when Backstrom Jay T. sold 11,614 shares for $15.74 per share. The transaction valued at 182,842 led to the insider holds 352,671 shares of the business.
Myles Edward H sold 4,744 shares of SRRK for $74,686 on Feb 16 ’24. The COO & CFO now owns 210,976 shares after completing the transaction at $15.74 per share. On Feb 16 ’24, another insider, Parlavecchio Caryn, who serves as the CHRO of the company, sold 3,751 shares for $15.74 each. As a result, the insider received 59,053 and left with 157,744 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 1.15B and an Enterprise Value of 935.86M. Its current Enterprise Value per Revenue stands at 8.22 whereas that against EBITDA is -5.56.
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 $5.56. The 50-Day Moving Average of the stock is 15.59, while the 200-Day Moving Average is calculated to be 11.60.
Shares Statistics:
It appears that SRRK traded 803.05K shares on average per day over the past three months and 750.2k shares per day over the past ten days. A total of 75.98M shares are outstanding, with a floating share count of 59.76M. Insiders hold about 25.09% of the company’s shares, while institutions hold 89.44% stake in the company. Shares short for SRRK as of Mar 15, 2024 were 10.54M with a Short Ratio of 15.59, compared to 11.38M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.54% and a Short% of Float of 25.11%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.51 for the current quarter, with a high estimate of -$0.45 and a low estimate of -$0.6, while EPS last year was -$0.49. The consensus estimate for the next quarter is -$0.51, with high estimates of -$0.38 and low estimates of -$0.61.
Analysts are recommending an EPS of between -$1.45 and -$2.37 for the fiscal current year, implying an average EPS of -$2.06. EPS for the following year is -$1.93, with 9 analysts recommending between -$0.53 and -$2.41.
