Erasca Inc (NASDAQ:ERAS) has a beta value of 1.16 and has seen 1.25 million shares traded in the last trading session. The company, currently valued at $792.72M, closed the last trade at $2.70 per share which meant it gained $0.1 on the day or 3.85% during that session. The ERAS stock price is -27.78% off its 52-week high price of $3.45 and 44.07% above the 52-week low of $1.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.45 million shares traded. The 3-month trading volume is 1.89 million shares.
The consensus among analysts is that Erasca Inc (ERAS) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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Erasca Inc (NASDAQ:ERAS) trade information
Sporting 3.85% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ERAS stock price touched $2.70 or saw a rise of 9.09%. Year-to-date, Erasca Inc shares have moved 26.76%, while the 5-day performance has seen it change 1.12%. Over the past 30 days, the shares of Erasca Inc (NASDAQ:ERAS) have changed 4.65%. Short interest in the company has seen 32.97 million shares shorted with days to cover at 23.89.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 58.46% from current levels. The projected low price target is $6.0 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -159.26% off the targeted high while a plunge would see the stock gain -122.22% from current levels.
Erasca Inc (ERAS) estimates and forecasts
Figures show that Erasca Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 2.66% over the past 6 months, with this year growth rate of 12.05%, compared to 18.00% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -69.36% over the past 5 years. Earnings growth for 2024 is a modest 10.10% while over the next 5 years, the company’s earnings are expected to decrease by -4.10%.
ERAS Dividends
Erasca Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Erasca Inc (NASDAQ:ERAS)’s Major holders
Insiders own 12.39% of the company shares, while shares held by institutions stand at 87.00% with a share float percentage of 99.30%. Investors are also buoyed by the number of investors in a company, with Erasca Inc having a total of 183.0 institutions that hold shares in the company. The top two institutional holders are VR ADVISER, LLC with over 16.22 million shares worth more than $38.27 million. As of 2024-06-30, VR ADVISER, LLC held 7.4452% of shares outstanding.
The other major institutional holder is FRAZIER LIFE SCIENCES MANAGEMENT, L.P., with the holding of over 16.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $38.27 million and represent 7.4452% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.17% shares in the company for having 6.15 shares of worth $16.6 million while later fund manager owns 4.49 shares of worth $12.11 million as of Sep 30, 2024 , which makes it owner of about 1.59% of company’s outstanding stock.
