Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Erasca Inc’s stock clocked out at $1.57, down -3.68% from its previous closing price of $1.63. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 1.81 million shares were traded. ERAS stock price reached its highest trading level at $1.7599 during the session, while it also had its lowest trading level at $1.535.
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 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:
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 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 443881408 and an Enterprise Value of 177908832.
Stock Price History:
The Beta on a monthly basis for ERAS is 1.17, which has changed by -0.20304567 over the last 52 weeks, in comparison to a change of 0.22894537 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 $1.51. The 50-Day Moving Average of the stock is -30.87%, while the 200-Day Moving Average is calculated to be -38.26%.
Shares Statistics:
It appears that ERAS traded 1.36M shares on average per day over the past three months and 1541110 shares per day over the past ten days. A total of 282.69M shares are outstanding, with a floating share count of 163.42M. Insiders hold about 42.22% of the company’s shares, while institutions hold 55.92% stake in the company. Shares short for ERAS as of 1738281600 were 33756338 with a Short Ratio of 24.81, compared to 1735603200 on 32794313. Therefore, it implies a Short% of Shares Outstanding of 33756338 and a Short% of Float of 13.56.
