In last trading session, Erasca Inc (NASDAQ:ERAS) saw 1.02 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $2.91 trading at $0.11 or 3.93% at ring of the bell on the day assigns it a market valuation of $822.08M. That closing price of ERAS’s stock is at a discount of -18.56% from its 52-week high price of $3.45 and is indicating a premium of 48.11% from its 52-week low price of $1.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.18 million shares which gives us an average trading volume of 1.93 million if we extend that period to 3-months.
For Erasca Inc (ERAS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.38. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.17 in the current quarter.
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Erasca Inc (NASDAQ:ERAS) trade information
Upright in the green during last session for gaining 3.93%, in the last five days ERAS remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $2.91 price level, adding 1.02% to its value on the day. Erasca Inc’s shares saw a change of 36.62% in year-to-date performance and have moved 5.82% in past 5-day. Erasca Inc (NASDAQ:ERAS) showed a performance of -2.02% in past 30-days. Number of shares sold short was 33.71 million shares which calculate 12.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 58.43% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -140.55% in reaching the projected high whereas dropping to the targeted low would mean a loss of -140.55% for stock’s current value.
Erasca Inc (ERAS) estimates and forecasts
Statistics highlight that Erasca Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 62.57% of value to its shares in past 6 months, showing an annual growth rate of -9.64% while that of industry is 17.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -69.36% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.81% while estimates for its earnings growth in next 5 years are of -4.10%.
Erasca Inc (NASDAQ:ERAS)’s Major holders
Insiders are in possession of 12.40% of company’s total shares while institution are holding 77.05 percent of that, with stock having share float percentage of 87.96%. Investors also watch the number of corporate investors in a company very closely, which is 77.05% institutions for Erasca Inc that are currently holding shares of the company. VR ADVISER, LLC is the top institutional holder at ERAS for having 16.22 million shares of worth $38.27 million. And as of 2024-06-30, it was holding 7.4452 of the company’s outstanding shares.
The second largest institutional holder is FRAZIER LIFE SCIENCES MANAGEMENT, L.P., which was holding about 16.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.4452 of outstanding shares, having a total worth of $38.27 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 6.15 shares of worth $17.89 million or 2.18% of the total outstanding shares. The later fund manager was in possession of 4.49 shares on Sep 30, 2024 , making its stake of worth around $13.05 million in the company or a holder of 1.59% of company’s stock.
