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The closing price of Erasca Inc (NASDAQ: ERAS) was $2.54 for the day, up 3.67% from the previous closing price of $2.45. In other words, the price has increased by $3.67 from its previous closing price. On the day, 0.89 million shares were traded. ERAS stock price reached its highest trading level at $2.55 during the session, while it also had its lowest trading level at $2.464.
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 Sep 16 ’24 when Erasca Foundation bought 8,333 shares for $2.89 per share.
Erasca Foundation bought 8,333 shares of ERAS for $21,619 on Aug 15 ’24. On May 21 ’24, another insider, Casdin Alexander W., who serves as the Director of the company, bought 80,000 shares for $2.27 each. As a result, the insider paid 181,920 and bolstered with 573,974 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 717560128 and an Enterprise Value of 362802112.
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 -9.51%, while the 200-Day Moving Average is calculated to be 9.47%.
Shares Statistics:
ERAS traded an average of 2.19M shares per day over the past three months and 1744640 shares per day over the past ten days. A total of 282.50M shares are outstanding, with a floating share count of 175.38M. Insiders hold about 37.92% of the company’s shares, while institutions hold 50.57% stake in the company. Shares short for ERAS as of 1726185600 were 27025466 with a Short Ratio of 12.33, compared to 1723680000 on 23416352. Therefore, it implies a Short% of Shares Outstanding of 27025466 and a Short% of Float of 10.870000000000001.
