The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Erasca Inc (NASDAQ: ERAS) was $1.93 for the day, down -1.03% from the previous closing price of $1.95. In other words, the price has decreased by -$1.03 from its previous closing price. On the day, 0.98 million shares were traded. ERAS stock price reached its highest trading level at $2.05 during the session, while it also had its lowest trading level at $1.915.
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 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:
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 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 545663104 and an Enterprise Value of 196197696.
Stock Price History:
The Beta on a monthly basis for ERAS is 1.15, which has changed by 0.12716758 over the last 52 weeks, in comparison to a change of 0.23883796 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 -25.05%, while the 200-Day Moving Average is calculated to be -24.59%.
Shares Statistics:
ERAS traded an average of 1.48M shares per day over the past three months and 1693400 shares per day over the past ten days. 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 1735603200 were 32794313 with a Short Ratio of 22.11, compared to 1732838400 on 32227599. Therefore, it implies a Short% of Shares Outstanding of 32794313 and a Short% of Float of 13.18.
