Erasca Inc (NASDAQ: ERAS) is 31.46% higher on its value in year-to-date trading and has touched a low of $1.51 and a high of $3.45 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 $2.85 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.80, the stock is 5.54% and 1.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -1.75% at the moment leaves the stock 19.12% off its SMA200. ERAS registered 15.23% gain for a year compared to 6-month gain of 56.42%. The firm has a 50-day simple moving average (SMA 50) of $2.75 and a 200-day simple moving average (SMA200) of $2.3506.
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The stock witnessed a -3.11% loss in the last 1 month and extending the period to 3 months gives it a -5.08%, and is 9.38% 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 6.06% over the week and 6.32% over the month.
Erasca Inc (ERAS) has around 126 employees, a market worth around $791.00M and $0.00M in sales. Distance from 52-week low is 85.43% and -18.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.61%).
The EPS is expected to shrink by -3.81% this year
173.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 87.96% of the company’s shares. The shares outstanding are 282.50M, and float is at 175.38M with Short Float at 19.22%. Institutions hold 77.05% of the Float.
The top institutional shareholder in the company is VR ADVISER, LLC with over 16.22 million shares valued at $38.27 million. The investor’s holdings represent 7.4452 of the ERAS Shares outstanding. As of 2024-06-30, the second largest holder is FRAZIER LIFE SCIENCES MANAGEMENT, L.P. with 16.22 million shares valued at $38.27 million to account for 7.4452 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.61 million shares representing 7.0199 and valued at over $25.04 million, while VANGUARD GROUP INC holds 6.8481 of the shares totaling 10.35 million with a market value of $24.43 million.
Erasca Inc (ERAS) Insider Activity
Still, SEC filings show that on Aug 15 ’24, Erasca Foundation (Affiliate) Proposed Sale 8,333 shares at an average price of $2.59 for $21619.0. The insider now directly holds shares of Erasca Inc (ERAS).
