In the last trading session, 1.06 million Erasca Inc (NASDAQ:ERAS) shares changed hands as the company’s beta touched 1.24. With the company’s per share price at $2.99 changed hands at -$0.12 or -3.86% during last session, the market valuation stood at $844.69M. ERAS’s last price was a discount, traded about -15.38% off its 52-week high of $3.45. The share price had its 52-week low at $1.51, which suggests the last value was 49.5% up since then. When we look at Erasca Inc’s average trading volume, we note the 10-day average is 1.85 million shares, with the 3-month average coming to 2.02 million.
Analysts gave the Erasca Inc (ERAS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ERAS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Erasca Inc’s EPS for the current quarter is expected to be -0.17.
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Erasca Inc (NASDAQ:ERAS) trade information
Instantly ERAS was in red as seen at the end of in last trading. With action 1.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 40.38%, with the 5-day performance at 1.70% in the green. However, in the 30-day time frame, Erasca Inc (NASDAQ:ERAS) is 8.73% up. Looking at the short shares, we see there were 33.7 million shares sold at short interest cover period of 14.24 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 57.29% from its current market value. According to analyst projections, ERAS’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -134.11% plunge from its current level, while the stock would need to soar -134.11% for it to hit the projected low.
Erasca Inc (ERAS) estimates and forecasts
Data shows that the Erasca Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 60.75% over the past 6 months, a -8.43% in annual growth rate that is considerably lower than the industry average of 17.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -69.36%. The 2024 estimates are for Erasca Inc earnings to decrease by -2.12%, but the outlook for the next 5-year period is at -4.10% per year.
ERAS Dividends
Erasca Inc is expected to release its next quarterly earnings report in December.
Erasca Inc (NASDAQ:ERAS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.40% of Erasca Inc shares while 77.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.48%. There are 77.51% institutions holding the Erasca Inc stock share, with VR ADVISER, LLC the top institutional holder. As of 2024-06-30, the company held 7.4452% of the shares, roughly 16.22 million ERAS shares worth $38.27 million.
FRAZIER LIFE SCIENCES MANAGEMENT, L.P. holds the second largest percentage of outstanding shares, with 7.4452% or 16.22 million shares worth $38.27 million as of 2024-06-30.
