Scholar Rock Holding Corp (NASDAQ: SRRK) on Friday, soared 4.59% from the previous trading day, before settling in for the closing price of $38.15. Within the past 52 weeks, SRRK’s price has moved between $6.76 and $43.38.
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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 -22.05%. With a float of $69.03 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. 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) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Scholar Rock Holding Corp is 26.71%, while institutional ownership is 71.61%. The most recent insider transaction that took place on Nov 25 ’24, was worth 15,757,639. In this transaction 10% Owner of this company sold 409,433 shares at a rate of $38.49, taking the stock ownership to the 10,850,005 shares. Before that another transaction happened on Nov 25 ’24, when Company’s CHIEF MEDICAL OFFICER sold 6,375 for $39.44, making the entire transaction worth $251,399. This insider now owns 72,855 shares in total.
Scholar Rock Holding Corp (SRRK) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.5 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.48) by -0.02. 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 -22.05% 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 3.88 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.47, a number that is poised to hit -0.60 in the next quarter and is forecasted to reach -2.23 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 2.15 million was superior to 1.15 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 73.64%. Additionally, its Average True Range was 2.63.
During the past 100 days, Scholar Rock Holding Corp’s (SRRK) raw stochastic average was set at 90.50%, which indicates a significant increase from 80.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.48% in the past 14 days, which was lower than the 253.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.92, while its 200-day Moving Average is $14.96. Now, the first resistance to watch is $40.60. This is followed by the second major resistance level at $41.30. The third major resistance level sits at $42.57. If the price goes on to break the first support level at $38.63, it is likely to go to the next support level at $37.36. The third support level lies at $36.66 if the price breaches the second support level.
Scholar Rock Holding Corp (NASDAQ: SRRK) Key Stats
Market capitalization of the company is 3.91 billion based on 93,615K 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 -64,480 K in sales during its previous quarter.
