Erasca Inc (NASDAQ: ERAS) is -39.04% lower on its value in year-to-date trading and has touched a low of $1.23 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 $1.48 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.53, the stock is 6.88% and -8.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.82 million and changing 3.38% at the moment leaves the stock -37.57% off its SMA200. ERAS registered -25.37% loss for a year compared to 6-month loss of -47.06%. The firm has a 50-day simple moving average (SMA 50) of $1.6642 and a 200-day simple moving average (SMA200) of $2.4507.
The stock witnessed a 4.79% gain in the last 1 month and extending the period to 3 months gives it a -41.83%, and is 6.25% 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 8.27% over the week and 8.88% over the month.
Erasca Inc (ERAS) has around 103 employees, a market worth around $433.40M and $0.00M in sales. Distance from 52-week low is 24.39% and -55.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.34%).
The EPS is expected to grow by 16.15% 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 98.72% of the company’s shares. The shares outstanding are 283.22M, and float is at 163.76M with Short Float at 20.68%. Institutions hold 86.50% 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 Jan 15 ’25, Erasca Foundation (Affiliate) Proposed Sale 8,333 shares at an average price of $1.94 for $16183.0. The insider now directly holds shares of Erasca Inc (ERAS).
