Erasca Inc [ERAS] stock prices are up 3.32% to $2.80 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ERAS shares have gain 16.67% over the last week, with a monthly amount drifted -7.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Erasca Inc [NASDAQ: ERAS] stock has seen the most recent analyst activity on March 11, 2024, when CapitalOne initiated its Overweight rating and assigned the stock a price target of $8. Previously, BofA Securities downgraded its rating to Neutral on January 05, 2024, and dropped its price target to $6. On October 11, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $10 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $9 on March 30, 2023. Goldman initiated its recommendation with a Buy and recommended $10 as its price target on February 24, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on February 03, 2023, but kept the price target unchanged to $15.
The stock price of Erasca Inc [ERAS] has been fluctuating between $1.51 and $3.45 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Erasca Inc [NASDAQ: ERAS] shares were valued at $2.80 at the most recent close of the market. An investor can expect a potential return of 150.0% based on the average ERAS price forecast.
Analyzing the ERAS fundamentals
Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -27.36%, Pretax Profit Margin comes in at -28.37%, and Net Profit Margin reading is -28.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -1.32 and Total Capital is -0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.71 points at the first support level, and at 2.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.86, and for the 2nd resistance point, it is at 2.92.
Ratios To Look Out For
It’s worth pointing out that Erasca Inc [NASDAQ:ERAS]’s Current Ratio is 16.79. In addition, the Quick Ratio stands at 16.79 and the Cash Ratio stands at 6.94.
Transactions by insiders
Recent insider trading involved Erasca Foundation, Affiliate, that happened on Aug 15 ’24 when 8333.0 shares were purchased. Director, Casdin Alexander W. completed a deal on May 21 ’24 to buy 80000.0 shares. Meanwhile, Director Start Valerie Denise Harding bought 10000.0 shares on Dec 06 ’23.
