Erasca Inc (NASDAQ:ERAS) price on current trading day, rose 12.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.20.
A look at the stock’s price movement, the close in the last trading session was $1.06, moving within a range at $1.01 and $1.38. The beta value (5-Year monthly) was 1.144. Turning to its 52-week performance, $3.45 and $1.02 were the 52-week high and 52-week low respectively. Overall, ERAS moved -22.40% over the past month.
Erasca Inc’s market cap currently stands at around $338.50 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ERAS is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend ERAS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ERAS’s current price about -13.11% and -19.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.02, while 7-day volatility ratio is 20.23% and 11.58% in the 30-day chart. Further, Erasca Inc (ERAS) has a beta value of 1.19, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $5.5, forecast between a low of $5 and high of $6. Looking at the price targets, the low is -316.67% off current price level while to achieve the yearly target high, price needs to move -400.0%. Nonetheless, investors will most likely welcome a -358.33% jump to $5.5 which is the analysts’ median price.
If we refocus on Erasca Inc (NASDAQ:ERAS), historical trading data shows that trading volumes averaged 2.31 over the past 10 days and 1.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 283.22 million shares.
The 42.19% of Erasca Inc’s shares are in the hands of company insiders while institutional holders own 55.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 33.1 million on 2025-03-14, giving us a short ratio of 26.19. The data shows that as of 2025-03-14 short interest in Erasca Inc (ERAS) stood at 1327.0001 of shares outstanding, with shares short falling to 34.52 million registered in 2025-02-14. Current price change has pushed the stock -52.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ERAS stock continues to rise going into the next quarter.
