Erasca Inc (NASDAQ: ERAS) is -20.72% 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 $1.93 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.99, the stock is -14.90% and -24.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 3.11% at the moment leaves the stock -22.34% off its SMA200. ERAS registered 13.71% gain for a year compared to 6-month loss of -36.42%. The firm has a 50-day simple moving average (SMA 50) of $2.6448 and a 200-day simple moving average (SMA200) of $2.56295.
The stock witnessed a -18.78% gain in the last 1 month and extending the period to 3 months gives it a -27.11%, and is 3.65% 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 7.02% over the week and 7.53% over the month.
Erasca Inc (ERAS) has around 126 employees, a market worth around $562.62M and $0.00M in sales. Distance from 52-week low is 21.34% and -42.32% 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.
184.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 99.37% 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 87.06% 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 Nov 15 ’24, Erasca Foundation (Affiliate) Proposed Sale 8,333 shares at an average price of $2.72 for $22648.0. The insider now directly holds shares of Erasca Inc (ERAS).
