Erasca Inc [ERAS] stock is trading at $2.92, up 5.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ERAS shares have gain 10.61% over the last week, with a monthly amount glided 4.29%, and 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 November 18, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $6. Previously, CapitalOne started tracking the stock with Overweight rating on March 11, 2024, and set its price target to $8. On January 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $6 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $10 on October 11, 2023. Mizuho initiated its recommendation with a Buy and recommended $9 as its price target on March 30, 2023. Goldman started tracking with a Buy rating for this stock on February 24, 2023, and assigned it a price target of $10. In a note dated February 03, 2023, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $15.
Erasca Inc [ERAS] stock has fluctuated between $1.51 and $3.45 over the past year. Currently, Wall Street analysts expect the stock to reach $6.5 within the next 12 months. Erasca Inc [NASDAQ: ERAS] shares were valued at $2.92 at the most recent close of the market. An investor can expect a potential return of 122.6% based on the average ERAS price forecast.
Analyzing the ERAS fundamentals
Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -27.82%, Pretax Profit Margin comes in at -28.52%, and Net Profit Margin reading is -28.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.42 and Total Capital is -0.31.
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 2.83 points at the first support level, and at 2.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.97, and for the 2nd resistance point, it is at 3.02.
Ratios To Look Out For
For context, Erasca Inc’s Current Ratio is 11.00. Also, the Quick Ratio is 11.00, while the Cash Ratio stands at 2.29.
Transactions by insiders
Recent insider trading involved Erasca Foundation, Affiliate, that happened on Nov 15 ’24 when 8333.0 shares were purchased. Affiliate, Erasca Foundation completed a deal on Oct 15 ’24 to buy 8333.0 shares. Meanwhile, Affiliate Erasca Foundation bought 8333.0 shares on Sep 16 ’24.
