A new trading day began on Friday, with Scholar Rock Holding Corp (NASDAQ: SRRK) stock price down -3.67% from the previous day of trading, before settling in for the closing price of $27.50. SRRK’s price has ranged from $6.76 to $35.38 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -5.25%. Meanwhile, its annual earnings per share averaged -20.16%. With a float of $68.61 million, this company’s outstanding shares have now reached $75.98 million.
Considering the fact that the conglomerate employs 150 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 84.84%, operating margin of -1978.81%, and the pretax margin is -1937.96%.
Scholar Rock Holding Corp (SRRK) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Scholar Rock Holding Corp is 14.92%, while institutional ownership is 83.67%. The most recent insider transaction that took place on Nov 11 ’24, was worth 63,158. In this transaction CHIEF MEDICAL OFFICER of this company sold 2,105 shares at a rate of $30.00, taking the stock ownership to the 72,855 shares. Before that another transaction happened on Oct 08 ’24, when Company’s COO & CFO sold 37,187 for $34.90, making the entire transaction worth $1,297,659. This insider now owns 161,088 shares in total.
Scholar Rock Holding Corp (SRRK) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.5 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.16% per share during the next fiscal year.
Scholar Rock Holding Corp (NASDAQ: SRRK) Trading Performance Indicators
Here are Scholar Rock Holding Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.47, a number that is poised to hit -0.57 in the next quarter and is forecasted to reach -2.14 in one year’s time.
Technical Analysis of Scholar Rock Holding Corp (SRRK)
Compared to the last year’s volume of 1.14 million, its volume of 1.08 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 24.75%. Additionally, its Average True Range was 1.88.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 68.94%, which indicates a significant increase from 11.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.84% in the past 14 days, which was lower than the 250.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.61, while its 200-day Moving Average is $14.21. Nevertheless, the first resistance level for the watch stands at $27.41 in the near term. At $28.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.85. If the price goes on to break the first support level at $25.96, it is likely to go to the next support level at $25.44. Now, if the price goes above the second support level, the third support stands at $24.52.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
With a market capitalization of 2.39 billion, the company has a total of 93,615K Shares Outstanding. Currently, annual sales are 0 K while annual income is -165,790 K. The company’s previous quarter sales were 0 K while its latest quarter income was -58,510 K.
