The Growth Opportunity In Erasca Inc (NASDAQ: ERAS)

Erasca Inc (NASDAQ:ERAS) shares, rose in value on Thursday, March 27, with the stock price up by 4.73% to the previous day’s close as strong demand from buyers drove the stock to $1.55.

Actively observing the price movement in the last trading, the stock closed the session at $1.48, falling within a range of $1.455 and $1.57. The value of beta (5-year monthly) was 1.222. Referring to stock’s 52-week performance, its high was $3.45, and the low was $1.23. On the whole, ERAS has fluctuated by 11.51% over the past month.

With the market capitalization of Erasca Inc currently standing at about $439.06 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-19.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ERAS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the price of ERAS currently trading nearly 6.38% and -3.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.44, while the 7-day volatility ratio is showing 9.10% which for the 30-day chart, stands at 8.69%. Furthermore, Erasca Inc (ERAS)’s beta value is 1.13, and its average true range (ATR) is 0.12.

A comparison of Erasca Inc (ERAS) with its peers suggests the former has fared considerably weaker in the market. ERAS showed an intraday change of 4.73% in last session, and over the past year, it shrunk by -25.12%%.

Data on historical trading for Erasca Inc (NASDAQ:ERAS) indicates that the trading volumes over the past 10 days have averaged 2.09 and over the past 3 months, they’ve averaged 1.45 million. According to company’s latest data on outstanding shares, there are 283.22 million shares outstanding.

Nearly 42.19% of Erasca Inc’s shares belong to company insiders and institutional investors own 55.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.1 million shares as on 2025-03-14, resulting in a short ratio of 26.19. According to the data, the short interest in Erasca Inc (ERAS) stood at 1327.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 34.52 million. The stock has fallen by -38.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ERAS stock heading into the next quarter.

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