Scholar Rock Holding Corp (NASDAQ: SRRK) kicked off on Monday, down -1.93% from the previous trading day, before settling in for the closing price of $30.55. Over the past 52 weeks, SRRK has traded in a range of $6.48-$35.38.
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Annual sales at Healthcare sector company slipped by -5.25% over the past five years. While this was happening, its average annual earnings per share was recorded -13.54%. With a float of $75.10 million, this company’s outstanding shares have now reached $75.98 million.
Let’s look at the performance matrix of the company that is accounted for 150 employees. In terms of profitability, gross margin is 78.77%, operating margin of -1797.78%, and the pretax margin is -1748.25%.
Scholar Rock Holding Corp (SRRK) Insider Updates
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 16.83%, while institutional ownership is 84.69%. The most recent insider transaction that took place on Oct 08 ’24, was worth 1,297,659. In this transaction COO & CFO of this company sold 37,187 shares at a rate of $34.90, taking the stock ownership to the 161,088 shares. Before that another transaction happened on Oct 07 ’24, when Company’s COO & CFO sold 206,240 for $26.56, making the entire transaction worth $5,477,546. This insider now owns 161,088 shares in total.
Scholar Rock Holding Corp (SRRK) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.53 earnings per share (EPS), lower than consensus estimate (set at -0.52) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.54% 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 6.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.33, a number that is poised to hit -0.57 in the next quarter and is forecasted to reach -2.05 in one year’s time.
Technical Analysis of Scholar Rock Holding Corp (SRRK)
Scholar Rock Holding Corp (NASDAQ: SRRK) saw its 5-day average volume 1.57 million, a positive change from its year-to-date volume of 1.15 million. As of the previous 9 days, the stock’s Stochastic %D was 62.58%. Additionally, its Average True Range was 2.64.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 81.06%, which indicates a significant increase from 81.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 632.67% in the past 14 days, which was higher than the 250.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.20, while its 200-day Moving Average is $12.95. Nevertheless, the first resistance level for the watch stands at $30.88 in the near term. At $31.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.50. If the price goes on to break the first support level at $29.26, it is likely to go to the next support level at $28.55. Assuming the price breaks the second support level, the third support level stands at $27.64.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
The company with the Market Capitalisation of 2.71 billion has total of 79,754K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -165,790 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -58,510 K.
