Raymond James has recently initiated Scholar Rock Holding Corp (SRRK) stock to Strong Buy rating, as announced on March 28, 2024, according to Finviz. Earlier, on October 25, 2023, Jefferies had raised the stock from a Hold to Buy, setting a price target of $20. Piper Sandler also resumed Overweight rating with a price target of $26. Additionally, H.C. Wainwright resumed Buy rating on September 19, 2022, with a target price of $30. Truist analysts, in their report published on July 12, 2022, also initiated Buy rating and set a price target of $20 for Scholar Rock Holding Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Scholar Rock Holding Corp (SRRK) Stock Trading Recap
On Monday, Scholar Rock Holding Corp (SRRK) stock saw a decline, ending the day at $8.01 which represents a decrease of $-0.72 or -8.25% from the prior close of $8.73. The stock opened at $8.66 and touched a low of $7.58 during the day, reaching a high of $8.79. The volume of shares traded was 1.73 million exceeding the average volume of 0.76 million.
SRRK Stock Performance and Moving Averages
In recent trading, Scholar Rock Holding Corp (SRRK) stock price has shown some volatility, fluctuating -7.61% over the last five trades and -14.06% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -52.29%, and it has plunged by -1.48% in the previous three months. Currently, SRRK is trading at -7.19%, -9.89%, and -36.65% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SRRK, a Healthcare sector stock, is trading -62.16% below its 52-week high but remains 28.67% above its 52-week low. The Average True Range (ATR) (14 days) of 0.66 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Scholar Rock Holding Corp’s Profitability and Valuation Ratios
Scholar Rock Holding Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.00% with a gross margin of -52.29%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Scholar Rock Holding Corp’s market capitalization stands at $641.04 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 4.8, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 18.30% of Scholar Rock Holding Corp (SRRK)’s shares, while financial institutions hold 95.26%.
Notable insider trades include Backstrom Jay T., CHIEF EXECUTIVE OFFICER at Scholar Rock Holding Corp (SRRK), who sold 11614 shares on Feb 16 ’24, at $15.74 each, totaling $0.18 million. On Jan 16 ’24, Myles Edward H, COO & CFO, sold 6634 shares for $15.93 each, amounting to $0.11 million. Additionally, on Dec 29 ’23, Myles Edward H sold 12459 shares at $18.83 each, generating $0.23 million.
