The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Erasca Inc (NASDAQ: ERAS) closed the day trading at $1.92 down -10.47% from the previous closing price of $2.15. In other words, the price has decreased by -$10.47 from its previous closing price. On the day, 2.51 million shares were traded. ERAS stock price reached its highest trading level at $2.16 during the session, while it also had its lowest trading level at $1.88.
Ratios:
For a better understanding of ERAS, let’s look at its different ratios. 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:
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 16 ’24 when Erasca Foundation bought 8,333 shares for $2.49 per share.
Erasca Foundation bought 8,333 shares of ERAS for $22,648 on Nov 15 ’24. On Oct 15 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.68 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 544249472 and an Enterprise Value of 189138192.
Stock Price History:
The Beta on a monthly basis for ERAS is 1.23, which has changed by 0.18131864 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, ERAS has reached a high of $3.45, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is -29.79%, while the 200-Day Moving Average is calculated to be -25.06%.
Shares Statistics:
Over the past 3-months, ERAS traded about 1.42M shares per day on average, while over the past 10 days, ERAS traded about 1163640 shares per day. A total of 282.69M shares are outstanding, with a floating share count of 163.43M. Insiders hold about 42.19% of the company’s shares, while institutions hold 56.36% stake in the company. Shares short for ERAS as of 1735603200 were 32794313 with a Short Ratio of 23.13, compared to 1732838400 on 32227599. Therefore, it implies a Short% of Shares Outstanding of 32794313 and a Short% of Float of 13.18.
