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Who is the Top Investor In Erasca Inc (ERAS)?

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Erasca Inc (NASDAQ: ERAS) is 25.82% higher on its value in year-to-date trading and has touched a low of $1.51 and a high of $2.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ERAS stock was last observed hovering at around $2.71 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.68, the stock is 20.29% and 20.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing -1.11% at the moment leaves the stock 27.66% off its SMA200. ERAS registered -5.30% loss for a year compared to 6-month gain of 24.07%.

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The stock witnessed a 12.84% loss in the last 1 month and extending the period to 3 months gives it a 18.58%, and is 15.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.50% over the week and 7.37% over the month.

Erasca Inc (ERAS) has around 126 employees, a market worth around $696.40M and $0.00M in sales. Distance from 52-week low is 77.48% and -9.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.40%).

The EPS is expected to grow by 6.86% this year

The shares outstanding are 259.85M, and float is at 166.48M with Short Float at 9.19%.

Erasca Inc (ERAS) Insider Activity

The most recent transaction is an insider purchase by Casdin Alexander W., the company’s Director. SEC filings show that Casdin Alexander W. bought 80,000 shares of the company’s common stock on May 21 ’24 at a price of $2.27 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.57 million shares.

Erasca Inc disclosed in a document filed with the SEC on Dec 06 ’23 that Lim Jonathan E (Chairman & CEO) bought a total of 278,150 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $1.72 per share for $0.48 million. Following the transaction, the insider now directly holds 12.9 million shares of the ERAS stock.

Still, SEC filings show that on Dec 06 ’23, Start Valerie Denise Harding (Director) acquired 10,000 shares at an average price of $1.85 for $18480.0. The insider now directly holds 20,000 shares of Erasca Inc (ERAS).

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