Should You Sell Scholar Rock Holding Corp (SRRK) And Go Away This Year?

Scholar Rock Holding Corp (NASDAQ:SRRK) currently has a daily average trading volume of 1.80M but it saw 1100282 shares traded in last market. With a market cap of 2.52B USD, the company’s current market price of $27.95 came falling about -3.95 while comparing to the previous closing price of $29.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.38 and as low as $6.76. In the recent trading on the day, stock has struck highest price mark of $27.4 while lowest mark touched by it was $29.21.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which reiterated the stock as “Buy” in its note to investors issued on October 07, 2024, recommending a price target of between $30 and $35 for it. Jefferies issued its recommendations for the stock as it upgraded the price target for the stock is $20.

Over the week, SRRK’s stock price is moving -3.62% down while it is 223.50% when we observe its performance for the past one month. Year-to-date it is 48.67% up and over the past year, the stock is showing an upside performance of 271.18%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.53 beaten by the consensus estimate of -0.52 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.6 while estimate for next year EPS is -2.34.

Currently, Scholar Rock Holding Corp’s total number of outstanding shares is 75.98M. Company’s return on investment (ROI) stands at -105.14% and return on equity (ROE) at -121.29%. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 16.73. Its return on asset (ROA) is -79.66% on average.