Scholar Rock Holding Corp (NASDAQ: SRRK) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Scholar Rock Reports Full Year 2023 Financial Results and Highlights Business Progress.

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Stocks Info

Scholar Rock Holding Corp is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. The current market capitalization of Scholar Rock Holding Corp is $1.31B. A total of 0.89 million shares were traded on the day, compared to an average of 840.40K shares.

In the most recent transaction, Backstrom Jay T. sold 11,614 shares of SRRK for 15.74 per share on Feb 16 ’24. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 352,671 company shares. In a previous transaction on Feb 16 ’24, Myles Edward H sold 4,744 shares at 15.74 per share. SRRK shares that COO & CFO owns now total 210,976.

Among the insiders who sold shares, Parlavecchio Caryn disposed of 3,751 shares on Feb 16 ’24 at a per-share price of $15.74. This resulted in the CHRO holding 157,744 shares of SRRK after the transaction. In another insider transaction, Ho Junlin sold 3,489 shares at $15.74 per share on Feb 16 ’24. Company shares held by the GENERAL COUNSEL now total 208,771.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SRRK has a high of $21.17 and a low of $5.56.

As of this writing, SRRK has an earnings estimate of -$0.51 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.46 per share and a lower estimate of -$0.6. The company reported an EPS of -$0.53 in the last quarter, which was -1.90% lower than expectations of -$0.52.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SRRK’s latest balance sheet shows that the firm has $252.99M in Cash & Short Term Investments as of fiscal 2021. There were $77.06M in debt and $64.30M in liabilities at the time. Its Book Value Per Share was $2.96, while its Total Shareholder’s Equity was $172.07M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SRRK is Buy with a score of 5.00.

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