Erasca Inc (NASDAQ: ERAS) closed the day trading at $2.00 down -5.21% from the previous closing price of $2.11. On the day, 736440 shares were traded.
Ratios:
For a better understanding of ERAS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.26 and its Current Ratio is at 12.26. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 06 ’23 when Lim Jonathan E bought 278,150 shares for $1.72 per share. The transaction valued at 478,418 led to the insider holds 12,899,360 shares of the business.
Start Valerie Denise Harding bought 10,000 shares of ERAS for $18,480 on Dec 06 ’23. The Director now owns 20,000 shares after completing the transaction at $1.85 per share. On Dec 05 ’23, another insider, Lim Jonathan E, who serves as the Chairman & CEO of the company, bought 721,850 shares for $1.69 each. As a result, the insider paid 1,217,761 and bolstered with 12,899,360 shares of the company.
Stock Price History:
Over the past 52 weeks, ERAS has reached a high of $3.38, while it has fallen to a 52-week low of $1.51.
Shares Statistics:
A total of 151.09M shares are outstanding, with a floating share count of 89.78M. Insiders hold about 40.74% of the company’s shares, while institutions hold 36.87% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Exact Sciences Corporation analysts.
