On Tuesday, Scholar Rock Holding Corp (NASDAQ: SRRK) was 3.47% up from the session before settling in for the closing price of $27.67. A 52-week range for SRRK has been $6.76 – $35.38.
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Annual sales at Healthcare sector company slipped by -5.25% over the past five years. When this article was written, the company’s average yearly earnings per share was at -15.40%. 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Scholar Rock Holding Corp stocks. The insider ownership of Scholar Rock Holding Corp is 16.83%, while institutional ownership is 85.26%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.53 earnings per share (EPS) during the time that was less than consensus figure (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 -15.40% per share during the next fiscal year.
Scholar Rock Holding Corp (NASDAQ: SRRK) Trading Performance Indicators
You can see what Scholar Rock Holding Corp (SRRK) is doing with its current performance indicators. In the most recent quarter, the stock posted 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 -0.58 in the next quarter and is forecasted to reach -2.07 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 0.86 million, a negative change from its year-to-date volume of 1.14 million. As of the previous 9 days, the stock’s Stochastic %D was 26.43%. Additionally, its Average True Range was 2.01.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 76.42%, which indicates a significant increase from 40.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.97% in the past 14 days, which was lower than the 251.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.56, while its 200-day Moving Average is $13.67. Nevertheless, the first resistance level for the watch stands at $29.22 in the near term. At $29.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $30.98. If the price goes on to break the first support level at $27.46, it is likely to go to the next support level at $26.30. The third support level lies at $25.70 if the price breaches the second support level.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
There are 80,033K outstanding shares of the company, which has a market capitalization of 2.59 billion. As of now, sales total 0 K while income totals -165,790 K. Its latest quarter income was 0 K while its last quarter net income were -58,510 K.
