Erasca Inc (NASDAQ: ERAS) is -49.80% lower on its value in year-to-date trading and has touched a low of $1.20 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 $1.21 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.26, the stock is -13.42% and -19.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing 4.56% at the moment leaves the stock -47.78% off its SMA200. ERAS registered -41.67% loss for a year compared to 6-month loss of -53.85%. The firm has a 50-day simple moving average (SMA 50) of $1.5569 and a 200-day simple moving average (SMA200) of $2.413025.
The stock witnessed a -4.55% gain in the last 1 month and extending the period to 3 months gives it a -50.59%, and is -14.86% 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 11.46% over the week and 9.09% over the month.
Erasca Inc (ERAS) has around 103 employees, a market worth around $356.92M and $0.00M in sales. Distance from 52-week low is 5.00% and -63.48% 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 22.26% this year
198.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 98.70% of the company’s shares. The shares outstanding are 283.22M, and float is at 163.76M with Short Float at 20.21%. Institutions hold 86.49% 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
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).
