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The price of Erasca Inc (NASDAQ: ERAS) closed at $3.23 in the last session, up 4.87% from day before closing price of $3.08. In other words, the price has increased by $4.87 from its previous closing price. On the day, 2.85 million shares were traded. ERAS stock price reached its highest trading level at $3.3 during the session, while it also had its lowest trading level at $3.07.
Ratios:
We take a closer look at ERAS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 10.14 and its Current Ratio is at 10.14. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, CapitalOne on March 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $8.
On January 05, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11 to $6.
On October 11, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $10.H.C. Wainwright initiated its Buy rating on October 11, 2023, with a $10 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 21 ’24 when Casdin Alexander W. bought 80,000 shares for $2.27 per share. The transaction valued at 181,920 led to the insider holds 573,974 shares of the business.
Lim Jonathan E bought 278,150 shares of ERAS for $478,418 on Dec 06 ’23. The Chairman & CEO now owns 12,899,360 shares after completing the transaction at $1.72 per share. On Dec 06 ’23, another insider, Start Valerie Denise Harding, who serves as the Director of the company, bought 10,000 shares for $1.85 each. As a result, the insider paid 18,480 and bolstered with 20,000 shares of the company.
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 881202112 and an Enterprise Value of 316400672.
Stock Price History:
The Beta on a monthly basis for ERAS is 1.24, which has changed by 0.1918819 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ERAS has reached a high of $3.18, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is 40.52%, while the 200-Day Moving Average is calculated to be 52.88%.
Shares Statistics:
According to the various share statistics, ERAS traded on average about 2.25M shares per day over the past 3-months and 2579150 shares per day over the past 10 days. A total of 259.85M shares are outstanding, with a floating share count of 166.48M. Insiders hold about 35.93% of the company’s shares, while institutions hold 27.54% stake in the company. Shares short for ERAS as of 1719532800 were 20008087 with a Short Ratio of 8.88, compared to 1717113600 on 14075389. Therefore, it implies a Short% of Shares Outstanding of 20008087 and a Short% of Float of 8.37.
