A share price of Erasca Inc [ERAS] is currently trading at $1.99, up 3.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The ERAS shares have gain 3.65% over the last week, with a monthly amount drifted -18.78%, and not seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $1.64 and $3.45. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Erasca Inc [NASDAQ: ERAS] shares were valued at $1.99 at the most recent close of the market. An investor can expect a potential return of 201.51% 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. 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 1.9033 points at the first support level, and at 1.8167 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0533, and for the 2nd resistance point, it is at 2.1167.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Erasca Inc [NASDAQ:ERAS] is 11.00. On the other hand, the Quick Ratio is 11.00, and the Cash Ratio is 2.29.
Transactions by insiders
Recent insider trading involved Erasca Foundation, Affiliate, that happened on Jan 15 ’25 when 8333.0 shares were purchased. Affiliate, Erasca Foundation completed a deal on Dec 16 ’24 to buy 8333.0 shares. Meanwhile, Affiliate Erasca Foundation bought 8333.0 shares on Nov 15 ’24.
