Erasca Inc (NASDAQ: ERAS) is -37.45% lower 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 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 $1.63 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.57, the stock is -12.00% and -30.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -3.68% at the moment leaves the stock -38.26% off its SMA200. ERAS registered -5.99% loss for a year compared to 6-month loss of -39.38%. The firm has a 50-day simple moving average (SMA 50) of $2.271 and a 200-day simple moving average (SMA200) of $2.54275.
The stock witnessed a -18.23% gain in the last 1 month and extending the period to 3 months gives it a -47.49%, and is -1.26% 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 8.48% over the week and 7.90% over the month.
Erasca Inc (ERAS) has around 126 employees, a market worth around $443.89M and $0.00M in sales. Distance from 52-week low is 3.97% and -54.49% 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 12.21% 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
200.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 98.91% of the company’s shares. The shares outstanding are 282.69M, and float is at 163.42M with Short Float at 20.66%. Institutions hold 86.65% 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 SUVRETTA CAPITAL MANAGEMENT, LLC which holds 13.77 million shares representing 6.3212% and valued at over $32.49 million, while ARCH VENTURE MANAGEMENT, LLC holds 5.0759 of the shares totaling 11.06 million with a market value of $26.09 million.
Erasca Inc (ERAS) Insider Activity
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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).
