Erasca Inc (NASDAQ:ERAS) has a beta value of 1.14 and has seen 0.51 million shares traded in the recent trading session. The company, currently valued at $371.07M, closed the recent trade at $1.31 per share which meant it lost -$0.06 on the day or -4.38% during that session. The ERAS stock price is -163.36% off its 52-week high price of $3.45 and 6.11% above the 52-week low of $1.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.24 million shares traded. The 3-month trading volume is 1.49 million shares.
The consensus among analysts is that Erasca Inc (ERAS) is Buy stock at the moment, with a recommendation rating of 1.11. 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. The expected earnings per share for the stock is -0.13.
Erasca Inc (NASDAQ:ERAS) trade information
Sporting -4.38% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ERAS stock price touched $1.31 or saw a rise of 18.63%. Year-to-date, Erasca Inc shares have moved -47.81%, while the 5-day performance has seen it change -11.49%. Over the past 30 days, the shares of Erasca Inc (NASDAQ:ERAS) have changed 2.34%. Short interest in the company has seen 33.1 million shares shorted with days to cover at 26.19.
Wall Street analysts have a consensus price target for the stock at $5.5, which means that the shares’ value could jump 76.18% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -358.02% off the targeted high while a plunge would see the stock gain -281.68% from the levels at last check today.
Erasca Inc (ERAS) estimates and forecasts
The company’s shares have lost -51.12% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.
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 -46.86% over the past 5 years. Earnings growth for 2025 is a modest 22.26% while over the next 5 years, the company’s earnings are expected to increase by 7.85%.
ERAS Dividends
Erasca Inc is expected to release its next earnings report on 2025-Mar-19 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 12.37% of the company shares, while shares held by institutions stand at 86.49% with a share float percentage of 98.70%. Investors are also buoyed by the number of investors in a company, with Erasca Inc having a total of 199.0 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. As of Dec 31, 2024, the former fund manager holds about 2.51% shares in the company for having 7.11 shares of worth $9.28 million while later fund manager owns 4.67 shares of worth $6.1 million as of Feb 28, 2025, which makes it owner of about 1.65% of company’s outstanding stock.
