Scholar Rock Holding Corp (NASDAQ: SRRK) on Tuesday, plunged -4.04% from the previous trading day, before settling in for the closing price of $8.41. Within the past 52 weeks, SRRK’s price has moved between $5.93 and $21.17.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales slided by -5.25%. The company achieved an average annual earnings per share of -17.63%. With a float of $63.77 million, this company’s outstanding shares have now reached $75.98 million.
The extent of productivity of a business whose workforce counts for 150 workers is very important to gauge.
Scholar Rock Holding Corp (SRRK) Insider Updates
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Scholar Rock Holding Corp is 20.04%, while institutional ownership is 92.88%. The most recent insider transaction that took place on Jun 17 ’24, was worth 84,978. In this transaction COO & CFO of this company sold 9,458 shares at a rate of $8.98, taking the stock ownership to the 201,518 shares. Before that another transaction happened on Jun 17 ’24, when Company’s GENERAL COUNSEL sold 4,695 for $8.98, making the entire transaction worth $42,183. This insider now owns 204,076 shares in total.
Scholar Rock Holding Corp (SRRK) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -17.63% per share during the next fiscal year.
Scholar Rock Holding Corp (NASDAQ: SRRK) Trading Performance Indicators
Scholar Rock Holding Corp (SRRK) is currently performing well based on its current performance indicators. A quick ratio of 6.58 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.20, a number that is poised to hit -0.59 in the next quarter and is forecasted to reach -2.16 in one year’s time.
Technical Analysis of Scholar Rock Holding Corp (SRRK)
The latest stats from [Scholar Rock Holding Corp, SRRK] show that its last 5-days average volume of 1.61 million was superior to 0.84 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.86%. Additionally, its Average True Range was 0.74.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 1.21%, which indicates a significant decrease from 5.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.39% in the past 14 days, which was lower than the 71.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.97, while its 200-day Moving Average is $12.97. Now, the first resistance to watch is $8.31. This is followed by the second major resistance level at $8.55. The third major resistance level sits at $8.68. If the price goes on to break the first support level at $7.94, it is likely to go to the next support level at $7.81. Assuming the price breaks the second support level, the third support level stands at $7.57.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
Market capitalization of the company is 643.58 million based on 79,754K outstanding shares. Right now, sales total 0 K and income totals -165,790 K. The company made 0 K in profit during its latest quarter, and -56,850 K in sales during its previous quarter.
