Erasca Inc (NASDAQ: ERAS) is -29.03% 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 $1.46 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $1.54, the stock is 8.41% and 10.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 5.48% at the moment leaves the stock -21.41% off its SMA200. ERAS registered -38.65% loss for a year compared to 6-month loss of -43.80%. The firm has a 50-day simple moving average (SMA 50) of $1.3882 and a 200-day simple moving average (SMA200) of $1.95945.
The stock witnessed a -3.75% gain in the last 1 month and extending the period to 3 months gives it a 25.71%, and is 13.24% 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 7.62% over the week and 8.42% over the month.
Erasca Inc (ERAS) has around 103 employees, a market worth around $436.26M and $0.00M in sales. Distance from 52-week low is 52.48% and -55.36% 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 32.82% this year
204.0 institutions hold shares in Erasca Inc (ERAS), with institutional investors hold 95.57% of the company’s shares. The shares outstanding are 283.27M, and float is at 160.60M with Short Float at 13.05%. Institutions hold 84.39% 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.
