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The price of Erasca Inc (NASDAQ: ERAS) closed at $3.11 in the last session, down -0.96% from day before closing price of $3.14. In other words, the price has decreased by -$0.96 from its previous closing price. On the day, 2.57 million shares were traded. ERAS stock price reached its highest trading level at $3.24 during the session, while it also had its lowest trading level at $3.09.
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 16.79 and its Current Ratio is at 16.79. 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, 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 Oct 15 ’24 when Erasca Foundation bought 8,333 shares for $2.68 per share.
Erasca Foundation bought 8,333 shares of ERAS for $24,090 on Sep 16 ’24. On Aug 15 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.59 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 878587392 and an Enterprise Value of 523758912.
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 $1.51. The 50-Day Moving Average of the stock is 11.72%, while the 200-Day Moving Average is calculated to be 28.04%.
Shares Statistics:
According to the various share statistics, ERAS traded on average about 1.99M shares per day over the past 3-months and 2050210 shares per day over the past 10 days. A total of 282.50M shares are outstanding, with a floating share count of 175.38M. Insiders hold about 37.92% of the company’s shares, while institutions hold 50.98% stake in the company. Shares short for ERAS as of 1728950400 were 33701323 with a Short Ratio of 16.91, compared to 1726185600 on 27025466. Therefore, it implies a Short% of Shares Outstanding of 33701323 and a Short% of Float of 13.55.
