Erasca Inc (NASDAQ: ERAS) is 15.02% higher on its value in year-to-date trading and has touched a low of $1.64 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 $2.49 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.45, the stock is -12.62% and -12.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.75 million and changing -1.61% at the moment leaves the stock -3.50% off its SMA200. ERAS registered 24.37% gain for a year compared to 6-month gain of 16.11%. The firm has a 50-day simple moving average (SMA 50) of $2.8028 and a 200-day simple moving average (SMA200) of $2.53765.
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The stock witnessed a -12.19% loss in the last 1 month and extending the period to 3 months gives it a -15.22%, and is -6.84% down 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 6.34% over the week and 7.54% over the month.
Erasca Inc (ERAS) has around 126 employees, a market worth around $692.68M and $0.00M in sales. Distance from 52-week low is 49.39% and -28.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.92%).
The EPS is expected to grow by 10.85% this year
183.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 99.31% of the company’s shares. The shares outstanding are 282.69M, and float is at 163.43M with Short Float at 19.72%. Institutions hold 87.01% 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 SUVRETTA CAPITAL MANAGEMENT, LLC holds 6.3212 of the shares totaling 13.77 million with a market value of $32.49 million.
Erasca Inc (ERAS) Insider Activity
Still, SEC filings show that on Oct 15 ’24, Erasca Foundation (Affiliate) Proposed Sale 8,333 shares at an average price of $2.68 for $22306.0. The insider now directly holds shares of Erasca Inc (ERAS).
