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The closing price of Erasca Inc (NASDAQ: ERAS) was $2.75 for the day, down -1.79% from the previous closing price of $2.80. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 2.96 million shares were traded. ERAS stock price reached its highest trading level at $2.83 during the session, while it also had its lowest trading level at $2.645.
Ratios:
Our analysis of ERAS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 16.79 and its Current Ratio is at 16.79. 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, 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 15 ’24 when Erasca Foundation bought 8,333 shares for $2.59 per share.
Casdin Alexander W. bought 80,000 shares of ERAS for $181,920 on May 21 ’24. The Director now owns 573,974 shares after completing the transaction at $2.27 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 791012736 and an Enterprise Value of 422101984.
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 5.57%, while the 200-Day Moving Average is calculated to be 25.16%.
Shares Statistics:
ERAS traded an average of 2.69M shares per day over the past three months and 2023220 shares per day over the past ten days. A total of 282.50M shares are outstanding, with a floating share count of 166.04M. Insiders hold about 41.22% of the company’s shares, while institutions hold 50.47% stake in the company. Shares short for ERAS as of 1722384000 were 22259989 with a Short Ratio of 8.27, compared to 1719532800 on 20008087. Therefore, it implies a Short% of Shares Outstanding of 22259989 and a Short% of Float of 9.3100004.
