Time May Be Running Out For Those Betting Against Scholar Rock Holding Corporation (SRRK), Seadrill Limited (SDRL)

The price of Scholar Rock Holding Corporation (NASDAQ:SRRK) went up by $1.33 now trading at $20.93. The last few days have been rough for the stock, as its price has decreased by -3.68% during the week. It has also performed better over the past three months, as it added around 27.78% while it has so far retreated around 0% during the course of a year. The stock of SRRK recorded -8.88% downtrend from the beginning of this year till date. The 12-month potential price target for Scholar Rock Holding Corporation is set at $31.67. This target means that the stock has an upside potential to increase by 51.31% from the current trading price.

7 institutions entered new Scholar Rock Holding Corporation (NASDAQ:SRRK) positions, 27 added to their existing positions in these shares, 16 lowered their positions, and 9 exited their positions entirely.

Scholar Rock Holding Corporation (SRRK) trade volume has decreased by -16.67% as around 101,742 shares were sold when compared with its 50-day average volume of traded shares which is 122,090. At the moment, SRRK is witnessing a uptrend, as it is trading 5.66% above its 20-day SMA, 12.49% above its 50-day SMA, and 5.42% above its 200-day SMA. The company runs an ROE of roughly -76.3%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.

The first technical resistance point for Scholar Rock Holding Corporation (NASDAQ:SRRK) will likely come at $21.62, marking a 3.19% premium to the current level. The second resistance point is at $22.3, about 6.14% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $18.28, the lower end of the range. SRRK’s 14-day MACD is -1.06 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 56.94, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 64.18 percent, which is high when compared to that of the 50-day’s 60.5 percent.

The shares of Seadrill Limited (NYSE:SDRL) has increased by 2.07%, and now trading at $7.38 on the Wall Street in the intra-day deal, with their shares traded now around 420,394. This is a decline of -101,664 shares over the average 522,058 shares that were traded daily over the last three months.

SDRL stock hasn’t performed well over the past 30 days, as it lost -20.22% while its price plunged by -24.31% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 2.22% over the last week. The stock’s 12-month potential target price is now at $24.6.

Seadrill Limited (NYSE:SDRL) has been utilizing an ROE that is roughly 0%, with stock analysts predicting that the company’s EPS for the next five years will go up by 31.1% per year, following the -40.77% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -12.02% below its 20-day SMA, -15.73% below its 50-day SMA, and -47.64% below its 200-day SMA. In percentage terms, the aggregate Seadrill Limited shares held by institutional investors is 73.24%. 33 institutions jumped in to acquire Seadrill Limited (SDRL) fresh stake, 57 added to their current holdings in these shares, 50 lowered their positions, and 27 left no stake in the company.

The stock’s 9-day MACD is -0.2 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 36.64, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 74.62 percent, which is more when compared to that of the 50-day’s 66.14 percent. On the daily chart, we see that the stock could reach the first level of resistance at $7.55, sporting a 2.25% premium to the current level. The next resistance point is at $7.72, representing nearly 4.4% premium to the current market price of Seadrill Limited (SDRL). On the other hand, failure to breach the immediate hurdles can drag it down to $6.76, the lower end of the range.