Erasca Inc (NASDAQ: ERAS) has experienced a decline in its stock price by -7.18 compared to its previous closing price of 2.96. However, the company has seen a fall of -12.22% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that After losing some value lately, a hammer chart pattern has been formed for Erasca (ERAS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Is It Worth Investing in Erasca Inc (NASDAQ: ERAS) Right Now?
Company’s 36-month beta value is 1.19.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ERAS is 163.34M, and currently, short sellers hold a 19.73% ratio of that floaft. The average trading volume of ERAS on December 11, 2024 was 1.79M shares.
ERAS’s Market Performance
ERAS’s stock has seen a -12.22% decrease for the week, with a -11.66% drop in the past month and a -10.21% fall in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are at 7.78% for Erasca Inc The simple moving average for the past 20 days is -3.86% for ERAS’s stock, with a 8.50% simple moving average for the past 200 days.
Analysts’ Opinion of ERAS
Many brokerage firms have already submitted their reports for ERAS stocks, with Jefferies repeating the rating for ERAS by listing it as a “Buy.” The predicted price for ERAS in the upcoming period, according to Jefferies is $6 based on the research report published on November 18, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see ERAS reach a price target of $8. The rating they have provided for ERAS stocks is “Overweight” according to the report published on March 11th, 2024.
BofA Securities gave a rating of “Neutral” to ERAS, setting the target price at $6 in the report published on January 05th of the current year.
ERAS Trading at -1.63% from the 50-Day Moving Average
After a stumble in the market that brought ERAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.36% of loss for the given period.
Volatility was left at 7.78%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -7.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.37% upper at present.
During the last 5 trading sessions, ERAS fell by -11.98%, which changed the moving average for the period of 200-days by +11.99% in comparison to the 20-day moving average, which settled at $2.86. In addition, Erasca Inc saw 28.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ERAS starting from Erasca Foundation, who proposed sale 8,333 shares at the price of $2.72 back on Nov 15 ’24. After this action, Erasca Foundation now owns shares of Erasca Inc, valued at $22,648 using the latest closing price.
Erasca Foundation, the Affiliate of Erasca Inc, proposed sale 8,333 shares at $2.68 during a trade that took place back on Oct 15 ’24, which means that Erasca Foundation is holding shares at $22,306 based on the most recent closing price.
Stock Fundamentals for ERAS
Current profitability levels for the company are sitting at:
- -27.82 for the present operating margin
- 0.46 for the gross margin
The net margin for Erasca Inc stands at -28.52. The total capital return value is set at -0.31. Equity return is now at value -40.33, with -33.56 for asset returns.
Currently, EBITDA for the company is -121.31 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 135.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.00.
Conclusion
In a nutshell, Erasca Inc (ERAS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
