In last trading session, Erasca Inc (NASDAQ:ERAS) saw 2.16 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $1.42 trading at $0.04 or 2.90% at ring of the bell on the day assigns it a market valuation of $402.24M. That closing price of ERAS’s stock is at a discount of -142.96% from its 52-week high price of $3.45 and is indicating a premium of 28.87% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.87 million shares which gives us an average trading volume of 1.63 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 1.11. 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 -0.13 in the current quarter.
Erasca Inc (NASDAQ:ERAS) trade information
Upright in the green during last session for gaining 2.90%, in the last five days ERAS remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $1.42 price level, adding 8.39% to its value on the day. Erasca Inc’s shares saw a change of -43.43% in year-to-date performance and have moved 19.33% in past 5-day. Erasca Inc (NASDAQ:ERAS) showed a performance of -4.70% in past 30-days. Number of shares sold short was 27.22 million shares which calculate 15.42 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.5 to the stock, which implies a rise of 74.18% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -252.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -252.11% for stock’s current value.
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 -46.86% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 22.33% while estimates for its earnings growth in next 5 years are of 6.59%.
Erasca Inc (NASDAQ:ERAS)’s Major holders
Insiders are in possession of 12.37% of company’s total shares while institution are holding 86.50 percent of that, with stock having share float percentage of 98.71%. Investors also watch the number of corporate investors in a company very closely, which is 86.50% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 7.11 shares of worth $10.1 million or 2.51% of the total outstanding shares. The later fund manager was in possession of 4.78 shares on Mar 31, 2025 , making its stake of worth around $6.78 million in the company or a holder of 1.69% of company’s stock.
