Erasca Inc (NASDAQ: ERAS) is -35.06% lower on its value in year-to-date trading and has touched a low of $1.01 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 $1.60 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.63, the stock is 21.03% and 23.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 1.87% at the moment leaves the stock -22.61% off its SMA200. ERAS registered -37.79% loss for a year compared to 6-month loss of -47.92%. The firm has a 50-day simple moving average (SMA 50) of $1.322 and a 200-day simple moving average (SMA200) of $2.10625.
The stock witnessed a 17.27% gain in the last 1 month and extending the period to 3 months gives it a 13.99%, and is 14.39% 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 1.83% over the week and 7.50% over the month.
Erasca Inc (ERAS) has around 103 employees, a market worth around $461.76M and $0.00M in sales. Distance from 52-week low is 61.39% and -52.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.37%).
The EPS is expected to grow by 30.41% this year.
Erasca Inc (ERAS) Top Institutional Holders
208.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 96.39% of the company’s shares. The shares outstanding are 283.27M, and float is at 160.60M with Short Float at 13.07%. Institutions hold 84.47% 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 Mar 17 ’25, Erasca Foundation (Affiliate) Proposed Sale 8,333 shares at an average price of $1.40 for $11702.0. The insider now directly holds shares of Erasca Inc (ERAS).
