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Erasca Inc (NASDAQ: ERAS) closed the day trading at $3.11 down -0.64% from the previous closing price of $3.13. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 1.32 million shares were traded. ERAS stock price reached its highest trading level at $3.245 during the session, while it also had its lowest trading level at $3.07.
Ratios:
For a better understanding of ERAS, let’s look at its different ratios. 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:
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 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 848463872 and an Enterprise Value of 295627360.
Stock Price History:
Over the past 52 weeks, ERAS has reached a high of $3.33, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is 28.73%, while the 200-Day Moving Average is calculated to be 44.87%.
Shares Statistics:
Over the past 3-months, ERAS traded about 2.38M shares per day on average, while over the past 10 days, ERAS traded about 2652160 shares per day. 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 27.53% stake in the company. Shares short for ERAS as of 1719532800 were 20008087 with a Short Ratio of 8.41, compared to 1717113600 on 14075389. Therefore, it implies a Short% of Shares Outstanding of 20008087 and a Short% of Float of 8.37.
