Erasca Inc (NASDAQ: ERAS) on Monday, plunged -6.19% from the previous trading day, before settling in for the closing price of $2.91. Within the past 52 weeks, ERAS’s price has moved between $1.51 and $3.45.
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The company achieved an average annual earnings per share of -3.81%. With a float of $175.38 million, this company’s outstanding shares have now reached $282.50 million.
Let’s determine the extent of company efficiency that accounts for 126 employees. In terms of profitability, gross margin is 28.66%, operating margin of -2735.9%, and the pretax margin is -2836.56%.
Erasca Inc (ERAS) Insider Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Erasca Inc is 37.92%, while institutional ownership is 50.55%. The most recent insider transaction that took place on Oct 15 ’24, was worth 22,306. Before that another transaction happened on Sep 16 ’24, when Company’s Affiliate proposed sale 8,333 for $2.89, making the entire transaction worth $24,090.
Erasca Inc (ERAS) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.2 earnings per share (EPS) for the period topping the consensus outlook (set at -0.22) by 0.02. 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 -3.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.10% during the next five years compared to -69.36% drop over the previous five years of trading.
Erasca Inc (NASDAQ: ERAS) Trading Performance Indicators
Erasca Inc (ERAS) is currently performing well based on its current performance indicators. A quick ratio of 16.79 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.92, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.76 in one year’s time.
Technical Analysis of Erasca Inc (ERAS)
Looking closely at Erasca Inc (NASDAQ: ERAS), its last 5-days average volume was 1.27 million, which is a drop from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 75.56%. Additionally, its Average True Range was 0.18.
During the past 100 days, Erasca Inc’s (ERAS) raw stochastic average was set at 51.68%, which indicates a significant decrease from 60.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.16% in the past 14 days, which was lower than the 69.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.77, while its 200-day Moving Average is $2.36. However, in the short run, Erasca Inc’s stock first resistance to watch stands at $2.86. Second resistance stands at $3.00. The third major resistance level sits at $3.07. 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 $2.58. Should the price break the second support level, the third support level stands at $2.44.
Erasca Inc (NASDAQ: ERAS) Key Stats
Market capitalization of the company is 771.23 million based on 173,359K outstanding shares. Right now, sales total 0 K and income totals -125,040 K. The company made 0 K in profit during its latest quarter, and -63,200 K in sales during its previous quarter.
