In the past week, ERAS stock has gone down by -2.47%, with a monthly decline of -5.00% and a quarterly plunge of -6.39%. The volatility ratio for the week is 6.70%, and the volatility levels for the last 30 days are 7.43% for Erasca Inc The simple moving average for the last 20 days is -7.74% for ERAS stock, with a simple moving average of 0.85% for the last 200 days.
Is It Worth Investing in Erasca Inc (NASDAQ: ERAS) Right Now?
Additionally, the 36-month beta value for ERAS is 1.22. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ERAS is 163.43M and currently, short sellers hold a 19.72% ratio of that float. The average trading volume of ERAS on December 24, 2024 was 1.49M shares.
ERAS) stock’s latest price update
The stock of Erasca Inc (NASDAQ: ERAS) has increased by 3.43 when compared to last closing price of 2.48. Despite this, the company has experienced a -2.47% fall in its stock price over the last five trading sessions. 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.
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 -8.07% 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 -25.65% of loss for the given period.
Volatility was left at 7.43%, however, over the last 30 days, the volatility rate increased by 6.70%, as shares sank -9.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.45% lower at present.
During the last 5 trading sessions, ERAS fell by -5.32%, which changed the moving average for the period of 200-days by +11.16% in comparison to the 20-day moving average, which settled at $2.78. In addition, Erasca Inc saw 20.42% 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 $2.49 back on Dec 16 ’24. After this action, Erasca Foundation now owns shares of Erasca Inc, valued at $20,787 using the latest closing price.
Erasca Foundation, the Affiliate of Erasca Inc, proposed sale 8,333 shares at $2.72 during a trade that took place back on Nov 15 ’24, which means that Erasca Foundation is holding shares at $22,648 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 128.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.00.
Conclusion
In conclusion, Erasca Inc (ERAS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
