Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $1.89 in the prior trading day, Erasca Inc (NASDAQ: ERAS) closed at $1.76, down -6.88%. In other words, the price has decreased by -$6.88 from its previous closing price. On the day, 1.93 million shares were traded. ERAS stock price reached its highest trading level at $1.87 during the session, while it also had its lowest trading level at $1.73.
Ratios:
Our goal is to gain a better understanding of ERAS by taking a closer 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 Jan 15 ’25 when Erasca Foundation bought 8,333 shares for $1.94 per share.
Erasca Foundation bought 8,333 shares of ERAS for $20,787 on Dec 16 ’24. On Nov 15 ’24, another insider, Erasca Foundation, who serves as the Affiliate of the company, bought 8,333 shares for $2.72 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 497599520 and an Enterprise Value of 142545424.
Stock Price History:
The Beta on a monthly basis for ERAS is 1.17, which has changed by 0.08620691 over the last 52 weeks, in comparison to a change of 0.21926713 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 -29.02%, while the 200-Day Moving Average is calculated to be -31.06%.
Shares Statistics:
The stock has traded on average 1.41M shares per day over the past 3-months and 1159630 shares per day over the last 10 days, according to various share statistics. 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 1736899200 were 33146761 with a Short Ratio of 23.49, compared to 1734048000 on 31561193. Therefore, it implies a Short% of Shares Outstanding of 33146761 and a Short% of Float of 13.319999.
