Home  »  Science   »  Erasca Inc. (NASDAQ:ERAS) Has Recovered -56.21% To...

Erasca Inc. (NASDAQ:ERAS) Has Recovered -56.21% To Date, But An Additional -142.08% Is Possible.

In last trading session, Erasca Inc. (NASDAQ:ERAS) saw 0.42 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $7.01 trading at -$0.14 or -1.96% at ring of the bell on the day assigns it a market valuation of $826.20M. That closing price of ERAS’s stock is at a discount of -142.08% from its 52-week high price of $16.97 and is indicating a premium of 35.66% from its 52-week low price of $4.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.73 million shares which gives us an average trading volume of 702.53K if we extend that period to 3-months.

For Erasca Inc. (ERAS), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.31 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Erasca Inc. (NASDAQ:ERAS) trade information

Upright in the red during last session for losing -1.96%, in the last five days ERAS remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $7.01 price level, adding 13.99% to its value on the day. Erasca Inc.’s shares saw a change of -55.01% in year-to-date performance and have moved -6.53% in past 5-day. Erasca Inc. (NASDAQ:ERAS) showed a performance of -3.97% in past 30-days. Number of shares sold short was 17.52 million shares which calculate 24.78 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $20.40 to the stock, which implies a rise of 65.64% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $25.00. It follows that stock’s current price would drop -256.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -113.98% for stock’s current value.

Erasca Inc. (ERAS) estimates and forecasts

Statistics highlight that Erasca Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 27.69% of value to its shares in past 6 months, showing an annual growth rate of 27.71% while that of industry is 4.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 32.60% in the current quarter and calculating -19.20% decrease in the next quarter.

ERAS Dividends

Erasca Inc. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Erasca Inc. (NASDAQ:ERAS)’s Major holders

Insiders are in possession of 18.19% of company’s total shares while institution are holding 78.50 percent of that, with stock having share float percentage of 95.96%. Investors also watch the number of corporate investors in a company very closely, which is 78.50% institutions for Erasca Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at ERAS for having 18.28 million shares of worth $101.81 million. And as of Jun 29, 2022, it was holding 14.96% of the company’s outstanding shares.

The second largest institutional holder is Arch Venture Management, Llc, which was holding about 11.06 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.05% of outstanding shares, having a total worth of $61.58 million.

On the other hand, Fidelity Select Portfolios – Health Care and Fidelity Advisor Health Care Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.5 million shares of worth $13.93 million or 2.05% of the total outstanding shares. The later fund manager was in possession of 1.85 million shares on Aug 30, 2022, making its stake of worth around $16.68 million in the company or a holder of 1.51% of company’s stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts