Scholar Rock Shares Plunge Despite Sarepta Gene Therapy Approval
May 27, 2023
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Scholar Rock Holding ($NASDAQ:SRRK) Corp. (SCHR) is a biotechnology company focused on developing therapeutics targeting the activation of latent proteins. Despite the recent approval of Sarepta Therapeutics’ gene therapy, Scholar Rock has continued its slide in the markets, with shares tumbling on Tuesday. The company is scheduled to report their quarterly earnings on August 8th.
On Thursday, SCHOLAR ROCK HOLDING experienced a downturn in its stock price, with shares dropping by 8.5% from the previous closing price of $6.9. The poor performance of the shares demonstrates that investors may have been unfazed by the news, giving the company a weak start to the day. However, investors remain hopeful that Scholar Rock Holding will be able to capitalize on the potential of the Sarepta gene therapy and its own pipeline of products in order to bolster its stock price in the future. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for SRRK. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SRRK. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SRRK. More…
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Key Ratios Snapshot
Some of the financial key ratios for SRRK are shown below. More…
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As GoodWhale, we have analyzed the financials of SCHOLAR ROCK HOLDING and found that the company is strong in asset, but weak in dividend, growth, and profitability. Our Star Chart shows a health score of 4/10 with regard to its cashflows and debt, which indicates that the company might be able to sustain its future operations even in times of crisis. Based on our analysis, we classify SCHOLAR ROCK HOLDING as an ‘elephant’, a type of company that has a lot of assets after deducting off liabilities. Investors who are interested in investing in companies with stable performance and strong asset may be interested in SCHOLAR ROCK HOLDING. More…
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– Nascent Biotech Inc ($OTCPK:NBIO)
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Scholar Rock Holding (SRRK) has experienced a decline in its stock price in the wake of concerns regarding the approval of Sarepta Therapeutics’ gene therapy. Investors are uncertain over the potential implications of this decision, as it may indicate a shift away from SRRK’s larger mission of treating muscle diseases. With the current market uncertainty, investors should weigh the potential risks and rewards associated with this stock carefully before deciding whether or not it is a good fit for their portfolios. The company has a wide range of potential treatments for muscle diseases in development, so there is potential upside if these therapies are successful.
However, investors should also remain cautious and assess the risks associated with this stock before investing.
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