The closing price of Scholar Rock Holding Corp (NASDAQ: SRRK) was $13.45 for the day, down -5.08% from the previous closing price of $14.17. On the day, 505107 shares were traded.
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 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:
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 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.
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.
Shares Statistics:
A total of 75.98M shares are outstanding, with a floating share count of 59.76M. Insiders hold about 23.25% of the company’s shares, while institutions hold 89.46% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Tuttle Capital Short Innovation analysts. The consensus estimate for the next quarter is $13.45, with high estimates of $9.28 and low estimates of $28.88.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
