Scholar Rock Holding Corporation (SRRK) shares are trading at higher $30.02 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $21.92 and the low is $6.95. Over the last 52 weeks, SRRK is up 248.26% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SRRK reported a profit of $23.36 million. Scholar Rock Holding Corporation also saw revenues increase to $3.9 million. In addition, SRRK has free cash flow of -$17.47 million as of 06-2020. The company’s EBITDA came in at -$19.09 million which compares well with its peers.
SRRK Return on Equity (ROE) is -61.70%, and its Return on Assets is -35.70%. All told, it is clear that, SRRK needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SRRK has a short ratio of 14.48 and outstanding shares of 29.69M.
SRRK has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -2.17. Scholar Rock Holding Corporation SRRK also noted assets of $156.36 million at the end of the last quarter. Investors should also keep an eye on sector updates as SRRK has historically followed its peers on positive news.
All told, Scholar Rock Holding Corporation SRRK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SRRK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Scholar Rock Holding Corporation SRRK is now commanding a market cap of 877.78M and a float of 25.50M. SRRK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SRRK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SRRK, either long or short, and we have not been compensated for this article.