Erasca Inc (ERAS) concluded trading on Wednesday at a closing price of $2.68, with 3.17 million shares of worth about $8.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.07% during that period and on July 10, 2024 the price saw a loss of about -1.11%. Currently the company’s common shares owned by public are about 259.85M shares, out of which, 166.48M shares are available for trading.
Stock saw a price change of 15.52% in past 5 days and over the past one month there was a price change of 12.84%. Year-to-date (YTD), ERAS shares are showing a performance of 25.82% which decreased to -5.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.51 but also hit the highest price of $2.97 during that period. The average intraday trading volume for Erasca Inc shares is 2.02 million. The stock is currently trading 20.29% above its 20-day simple moving average (SMA20), while that difference is up 20.27% for SMA50 and it goes to 27.66% higher than SMA200.
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Erasca Inc (NASDAQ: ERAS) currently have 259.85M outstanding shares and institutions hold larger chunk of about 27.58% of that.
The stock has a current market capitalization of $696.40M and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$0.84 in the same period. It has Quick Ratio of 10.14 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ERAS, volatility over the week remained 8.50% while standing at 7.37% over the month.
Stock’s fiscal year EPS is expected to rise by 6.86% while it is estimated to decrease by -2.98% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CapitalOne on March 11, 2024 offering an Overweight rating for the stock and assigned a target price of $8 to it. Coverage by BofA Securities stated Erasca Inc (ERAS) stock as a Neutral in their note to investors on January 05, 2024, suggesting a price target of $6 for the stock. On October 11, 2023, H.C. Wainwright Initiated their recommendations, while on March 30, 2023, Mizuho Initiated their ratings for the stock with a price target of $9. Stock get a Buy rating from Goldman on February 24, 2023.
