What is the best trade option for Erasca Inc (ERAS) stock?

Erasca Inc [ERAS] stock is trading at $1.74, up 1.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ERAS shares have gain 16.00% over the last week, with a monthly amount glided 26.09%, and 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 March 26, 2025, when Raymond James initiated its Outperform rating and assigned the stock a price target of $5. Previously, Jefferies started tracking the stock with Buy rating on November 18, 2024, and set its price target to $6. On March 11, 2024, CapitalOne initiated with a Overweight rating and assigned a price target of $8 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $6 on January 05, 2024. H.C. Wainwright initiated its recommendation with a Buy and recommended $10 as its price target on October 11, 2023. Mizuho started tracking with a Buy rating for this stock on March 30, 2023, and assigned it a price target of $9. In a note dated February 24, 2023, Goldman initiated an Buy rating and provided a target price of $10 on this stock.

Erasca Inc [ERAS] stock has fluctuated between $1.01 and $3.45 over the past year. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Erasca Inc [NASDAQ: ERAS] shares were valued at $1.74 at the most recent close of the market. An investor can expect a potential return of 129.89% based on the average ERAS price forecast.

Analyzing the ERAS fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.37 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.

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 1.6800 points at the first support level, and at 1.6200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7850, and for the 2nd resistance point, it is at 1.8300.

Ratios To Look Out For

For context, Erasca Inc’s Current Ratio is 12.35. As well, the Quick Ratio is 12.35, while the Cash Ratio is 2.77.

Transactions by insiders

Recent insider trading involved Erasca Foundation, Affiliate, that happened on Jul 15 ’25 when 8333.0 shares were purchased. Affiliate, Erasca Foundation completed a deal on Jun 16 ’25 to buy 8333.0 shares. Meanwhile, Affiliate Erasca Foundation bought 8333.0 shares on May 15 ’25.

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