On Friday, Erasca Inc (NASDAQ: ERAS) opened lower -10.91% from the last session, before settling in for the closing price of $3.07. Price fluctuations for ERAS have ranged from $1.51 to $3.45 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 6.86% at the time writing. With a float of $166.48 million, this company’s outstanding shares have now reached $259.85 million.
The extent of productivity of a business whose workforce counts for 126 workers is very important to gauge.
Erasca Inc (ERAS) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Erasca Inc is 35.93%, while institutional ownership is 27.59%. The most recent insider transaction that took place on May 21 ’24, was worth 181,920. In this transaction Director of this company bought 80,000 shares at a rate of $2.27, taking the stock ownership to the 573,974 shares. Before that another transaction happened on Dec 06 ’23, when Company’s Chairman & CEO bought 278,150 for $1.72, making the entire transaction worth $478,418. This insider now owns 12,899,360 shares in total.
Erasca Inc (ERAS) Latest Financial update
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.21 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.24) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.86% per share during the next fiscal year.
Erasca Inc (NASDAQ: ERAS) Trading Performance Indicators
Check out the current performance indicators for Erasca Inc (ERAS). In the past quarter, the stock posted a quick ratio of 10.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.84, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.80 in one year’s time.
Technical Analysis of Erasca Inc (ERAS)
The latest stats from [Erasca Inc, ERAS] show that its last 5-days average volume of 1.41 million was inferior to 1.49 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.07%. Additionally, its Average True Range was 0.21.
During the past 100 days, Erasca Inc’s (ERAS) raw stochastic average was set at 58.19%, which indicates a significant increase from 3.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.25% in the past 14 days, which was lower than the 70.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.60, while its 200-day Moving Average is $2.18. Now, the first resistance to watch is $2.87. This is followed by the second major resistance level at $3.01. The third major resistance level sits at $3.09. If the price goes on to break the first support level at $2.65, it is likely to go to the next support level at $2.57. The third support level lies at $2.43 if the price breaches the second support level.
Erasca Inc (NASDAQ: ERAS) Key Stats
There are currently 173,359K shares outstanding in the company with a market cap of 710.69 million. Presently, the company’s annual sales total 0 K according to its annual income of -125,040 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -35,020 K.
