Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Erasca Inc (NASDAQ: ERAS) closed at $1.41 in the last session, down -3.42% from day before closing price of $1.46. In other words, the price has decreased by -$3.42 from its previous closing price. On the day, 0.92 million shares were traded.
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 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:
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 Feb 18 ’25 when Erasca Foundation bought 8,333 shares for $1.53 per share.
Erasca Foundation bought 8,333 shares of ERAS for $16,183 on Jan 15 ’25. On Dec 16 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.49 each.
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 $1.42. The 50-Day Moving Average of the stock is -34.33%, while the 200-Day Moving Average is calculated to be -44.28%.
Shares Statistics:
A total of 282.69M shares are outstanding, with a floating share count of 163.45M. Insiders hold about 42.19% of the company’s shares, while institutions hold 55.92% stake in the company.
