Analytical Lens: Exploring Erasca Inc (ERAS)’s Financial Story Through Ratios

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The closing price of Erasca Inc (NASDAQ: ERAS) was $3.07 for the day, down -4.95% from the previous closing price of $3.23. In other words, the price has decreased by -$4.95 from its previous closing price. On the day, 1.59 million shares were traded. ERAS stock price reached its highest trading level at $3.29 during the session, while it also had its lowest trading level at $3.005.

Ratios:

Our analysis of ERAS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 11.00 and its Current Ratio is at 11.00. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on November 18, 2024, initiated with a Buy rating and assigned the stock a target price of $6.

On March 11, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $8.

BofA Securities Downgraded its Buy to Neutral on January 05, 2024, whereas the target price for the stock was revised from $11 to $6.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Erasca Foundation bought 8,333 shares for $2.72 per share.

Erasca Foundation bought 8,333 shares of ERAS for $22,306 on Oct 15 ’24. On Sep 16 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.89 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ERAS now has a Market Capitalization of 867971904 and an Enterprise Value of 512463680.

Stock Price History:

Over the past 52 weeks, ERAS has reached a high of $3.45, while it has fallen to a 52-week low of $1.63. The 50-Day Moving Average of the stock is 11.32%, while the 200-Day Moving Average is calculated to be 22.37%.

Shares Statistics:

ERAS traded an average of 1.88M shares per day over the past three months and 1399570 shares per day over the past ten days. A total of 282.69M shares are outstanding, with a floating share count of 163.34M. Shares short for ERAS as of 1731628800 were 32148765 with a Short Ratio of 17.11, compared to 1728950400 on 33701323. Therefore, it implies a Short% of Shares Outstanding of 32148765 and a Short% of Float of 12.920000000000002.

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