Scholar Rock Holding Corp (NASDAQ: SRRK) kicked off on November 20, 2023, at the price of $12.19, down -3.13% from the previous trading day. During the day, the shares moved up to $12.34 and dropped to $11.69 before settling in for the closing price of $12.13. Over the past 52 weeks, SRRK has traded in a range of $5.56-$13.15.
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 14.75%. While this was happening, its average annual earnings per share was recorded 16.00%. With a float of $54.67 million, this company’s outstanding shares have now reached $72.14 million.
Considering the fact that the conglomerate employs 114 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +70.22, operating margin of -404.81, and the pretax margin is -405.21.
Scholar Rock Holding Corp (SRRK) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Scholar Rock Holding Corp is 24.22%, while institutional ownership is 69.04%. The most recent insider transaction that took place on Nov 02, was worth 438,039. In this transaction COO & CFO of this company sold 35,007 shares at a rate of $12.51, taking the stock ownership to the 168,784 shares. Before that another transaction happened on Oct 16, when Company’s Director bought 2,189,781 for $6.85, making the entire transaction worth $15,000,000. This insider now owns 6,788,609 shares in total.
Scholar Rock Holding Corp (SRRK) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.53 earnings per share (EPS), lower than consensus estimate (set at -$0.52) by -$0.01. This company achieved a net margin of -405.21 while generating a return on equity of -62.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.00% per share during the next fiscal year.
Scholar Rock Holding Corp (NASDAQ: SRRK) Trading Performance Indicators
Take a look at Scholar Rock Holding Corp’s (SRRK) current performance indicators. Last quarter, stock had a quick ratio of 8.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.25, a number that is poised to hit -0.47 in the next quarter and is forecasted to reach -1.83 in one year’s time.
Technical Analysis of Scholar Rock Holding Corp (SRRK)
Compared to the last year’s volume of 0.41 million, its volume of 0.63 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.20%. Additionally, its Average True Range was 0.92.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 80.61%, which indicates a significant increase from 64.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.36% in the past 14 days, which was higher than the 85.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.69, while its 200-day Moving Average is $8.01. Nevertheless, the first resistance level for the watch stands at $12.16 in the near term. At $12.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.81. If the price goes on to break the first support level at $11.51, it is likely to go to the next support level at $11.28. Now, if the price goes above the second support level, the third support stands at $10.86.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
The company with the Market Capitalisation of 847.64 million has total of 72,143K Shares Outstanding. Its annual sales at the moment are 33,190 K in contrast with the sum of -134,500 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -42,360 K.