Scholar Rock Holding Corp (NASDAQ:SRRK) price on Friday, June 13, fall -2.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.45.
A look at the stock’s price movement, the close in the last trading session was $33.32. Turning to its 52-week performance, $46.98 and $6.76 were the 52-week high and 52-week low respectively. Overall, SRRK moved 6.25% over the past month.
Scholar Rock Holding Corp’s market cap currently stands at around $3.08 billion, with investors looking forward to this quarter’s earnings report slated for in July.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend SRRK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SRRK’s current price about 3.20% and 5.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.69, while 7-day volatility ratio is 2.61% and 3.57% in the 30-day chart. Further, Scholar Rock Holding Corp (SRRK) has a beta value of 0.30, and an average true range (ATR) of 1.77. Analysts have given the company’s stock an average 52-week price target of $40.5, forecast between a low of $39 and high of $42. Looking at the price targets, the low is -20.18% off current price level while to achieve the yearly target high, price needs to move -29.43%. Nonetheless, investors will most likely welcome a -24.81% jump to $40.5 which is the analysts’ median price.
If we refocus on Scholar Rock Holding Corp (NASDAQ:SRRK), historical trading data shows that trading volumes averaged 1.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 94.87 million shares.
The 23.69% of Scholar Rock Holding Corp’s shares are in the hands of company insiders while institutional holders own 96.85% of the company’s shares. Current price change has pushed the stock -24.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SRRK stock continues to rise going into the next quarter.
