The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Erasca Inc’s stock clocked out at $2.73, up 2.25% from its previous closing price of $2.67. In other words, the price has increased by $2.25 from its previous closing price. On the day, 1.41 million shares were traded. ERAS stock price reached its highest trading level at $2.97 during the session, while it also had its lowest trading level at $2.64.
Ratios:
To gain a deeper understanding of ERAS’s stock, we examine 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 Nov-19-24, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 15 ’24 when Erasca Foundation bought 8,333 shares for $2.72 per share.
Erasca Foundation bought 8,333 shares of ERAS for $22,306 on Oct 15 ’24. On Sep 16 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.89 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 771844736 and an Enterprise Value of 399511552.
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 -1.65%, while the 200-Day Moving Average is calculated to be 11.16%.
Shares Statistics:
It appears that ERAS traded 1.93M shares on average per day over the past three months and 1879820 shares per day over the past ten days. A total of 282.73M shares are outstanding, with a floating share count of 163.34M. Insiders hold about 42.23% of the company’s shares, while institutions hold 56.32% stake in the company. Shares short for ERAS as of 1730332800 were 32969981 with a Short Ratio of 17.12, compared to 1727654400 on 33712191. Therefore, it implies a Short% of Shares Outstanding of 32969981 and a Short% of Float of 13.260000999999999.
