During the last session, Erasca Inc (NASDAQ:ERAS)’s traded shares were 1.46 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $1.99, reflecting an intraday gain of 3.11% or $0.06. The 52-week high for the ERAS share is $3.45, that puts it down -73.37 from that peak though still a striking 17.59% gain since the share price plummeted to a 52-week low of $1.64. The company’s market capitalization is $562.62M, and the average intraday trading volume over the past 10 days was 1.63 million shares, and the average trade volume was 1.47 million shares over the past three months.
Erasca Inc (ERAS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ERAS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
Erasca Inc (NASDAQ:ERAS) trade information
Erasca Inc (ERAS) registered a 3.11% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.11% in intraday trading to $1.99, hitting a weekly high. The stock’s 5-day price performance is 3.65%, and it has moved by -18.78% in 30 days. Based on these gigs, the overall price performance for the year is 13.71%. The short interest in Erasca Inc (NASDAQ:ERAS) is 32.79 million shares and it means that shorts have 24.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 66.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, ERAS is trading at a discount of -201.51% off the target high and -201.51% off the low.
Erasca Inc (ERAS) estimates and forecasts
Statistics show that Erasca Inc has underperformed its competitors in share price, compared to the industry in which it operates. Erasca Inc (ERAS) shares have gone down -36.42% during the last six months, with a year-to-date growth rate less than the industry average at 12.05% against 16.50.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -69.36%. While earnings are projected to return 10.85% in 2025.
ERAS Dividends
Erasca Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Erasca Inc (NASDAQ:ERAS)’s Major holders
Erasca Inc insiders own 12.39% of total outstanding shares while institutional holders control 87.06%, with the float percentage being 99.37%. VR ADVISER, LLC is the largest shareholder of the company, while 184.0 institutions own stock in it. As of 2024-06-30, the company held over 16.22 million shares (or 7.4452% of all shares), a total value of $38.27 million in shares.
The next largest institutional holding, with 16.22 million shares, is of FRAZIER LIFE SCIENCES MANAGEMENT, L.P.’s that is approximately 7.4452% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $38.27 million.
Also, the Mutual Funds coming in first place with the largest holdings of Erasca Inc (ERAS) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 7.92 shares. This amounts to just over 2.80 percent of the company’s overall shares, with a $15.76 million market value. The same data shows that the other fund manager holds slightly less at 4.44, or about 1.57% of the stock, which is worth about $8.83 million.
