In the last trading session, 1.23 million Erasca Inc (NASDAQ:ERAS) shares changed hands as the company’s beta touched 1.06. With the company’s per share price at $1.36 changed hands at $0.09 or 7.09% during last session, the market valuation stood at $385.27M. ERAS’s last price was a discount, traded about -153.68% off its 52-week high of $3.45. The share price had its 52-week low at $1.01, which suggests the last value was 25.74% up since then. When we look at Erasca Inc’s average trading volume, we note the 10-day average is 1.09 million shares, with the 3-month average coming to 1.61 million.
Analysts gave the Erasca Inc (ERAS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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 (NASDAQ:ERAS) trade information
Instantly ERAS was in green as seen at the end of in last trading. With action -6.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.13%, with the 5-day performance at -6.21% in the red. However, in the 30-day time frame, Erasca Inc (NASDAQ:ERAS) is -2.86% down. Looking at the short shares, we see there were 20.96 million shares sold at short interest cover period of 13.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 66.0% from its current market value. According to analyst projections, ERAS’s forecast low is 3 with 5 as the target high. To hit the forecast high, the stock’s price needs a -267.65% plunge from its current level, while the stock would need to soar -120.59% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.86%. The 2025 estimates are for Erasca Inc earnings to increase by 30.41%, but the outlook for the next 5-year period is at 11.09% per year.
ERAS Dividends
Erasca Inc is expected to release its next quarterly earnings report on 2025-May-13.
Erasca Inc (NASDAQ:ERAS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.69% of Erasca Inc shares while 84.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.57%. There are 84.39% 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.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and T. Rowe Price Small-Cap Value Fund, Inc. . With 7.11 shares estimated at $9.67 million under it, the former controlled 2.51% of total outstanding shares. On the other hand, T. Rowe Price Small-Cap Value Fund, Inc. held about 1.57% of the shares, roughly 4.44 shares worth around $6.04 million.
