Erasca Inc (NASDAQ: ERAS) is -14.34% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ERAS stock was last observed hovering at around $2.37 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $2.15, the stock is -16.20% and -22.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -9.09% at the moment leaves the stock -16.33% off its SMA200. ERAS registered 2.87% gain for a year compared to 6-month loss of -27.61%. The firm has a 50-day simple moving average (SMA 50) of $2.7701 and a 200-day simple moving average (SMA200) of $2.568625.
The stock witnessed a -27.36% gain in the last 1 month and extending the period to 3 months gives it a -16.02%, and is -21.53% 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 9.23% over the week and 7.15% over the month.
Erasca Inc (ERAS) has around 126 employees, a market worth around $607.86M and $0.00M in sales. Distance from 52-week low is 31.10% and -37.68% 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, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Erasca Inc (ERAS) Top Institutional Holders
183.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 99.33% of the company’s shares. The shares outstanding are 282.69M, and float is at 163.43M with Short Float at 20.07%. Institutions hold 87.02% 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).
