Erasca Inc (NASDAQ:ERAS) traded at $2.26 at close of the session on Tuesday, April 09, made an upward move of 0.89% on its previous day’s price.
Looking at the stock we see that its previous close was $2.24 . In terms of its 52-week price range, ERAS has a high of $3.38 and a low of $1.51. The company’s stock has lost about -0.88% over that past 30 days.
Erasca Inc has a market cap of $342.37 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.2, with the EPS growth for the year raised at -$0.92 for 2024 and -$0.99 for next year. These figures represent -10.80% and -7.60% growth in EPS for the two years respectively.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ERAS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 6.60% off its SMA20 and 10.69% from its 50-day simple moving average. The RSI (14) is pointing at 57.88 while the volatility over the past week is 7.22% and jumps to 8.17% over the past one month. The beta value is 1.07, while the average true range (ATR) is currently pointing at 0.18.
Coming back to Erasca Inc (NASDAQ:ERAS), we note that the average 3-month trading volume was 794.45K, while that of the preceding 10-day period stands at 0.81 million. Current shares outstanding are 151.09 million.
The insiders hold 40.74% of the company’s shares while institutions hold 37.24%. The data shows that short shares as of Mar 15, 2024, stood at 9.02 million at a short ratio of 7.78. This represents a 5.97% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 10.27 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.10% up in year-to-date price movement.
