On Friday, Erasca Inc (NASDAQ: ERAS) was -4.98% drop from the session before settling in for the closing price of $2.81. A 52-week range for ERAS has been $1.51 – $3.45.
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When this article was written, the company’s average yearly earnings per share was at 6.66%. With a float of $166.52 million, this company’s outstanding shares have now reached $282.73 million.
In an organization with 126 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 45.52%, operating margin of -2782.2%, and the pretax margin is -2851.59%.
Erasca Inc (ERAS) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Erasca Inc stocks. The insider ownership of Erasca Inc is 37.92%, while institutional ownership is 56.32%. The most recent insider transaction that took place on Nov 15 ’24, was worth 22,648. Before that another transaction happened on Oct 15 ’24, when Company’s Affiliate proposed sale 8,333 for $2.68, making the entire transaction worth $22,306.
Erasca Inc (ERAS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 6.66% 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
You can see what Erasca Inc (ERAS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 11.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.83, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.64 in one year’s time.
Technical Analysis of Erasca Inc (ERAS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.64 million. That was better than the volume of 1.63 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.67%. Additionally, its Average True Range was 0.20.
During the past 100 days, Erasca Inc’s (ERAS) raw stochastic average was set at 42.22%, which indicates a significant increase from 20.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.23% in the past 14 days, which was lower than the 69.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.78, while its 200-day Moving Average is $2.45. However, in the short run, Erasca Inc’s stock first resistance to watch stands at $2.79. Second resistance stands at $2.90. The third major resistance level sits at $2.99. If the price goes on to break the first support level at $2.59, it is likely to go to the next support level at $2.50. Assuming the price breaks the second support level, the third support level stands at $2.39.
Erasca Inc (NASDAQ: ERAS) Key Stats
There are 282,727K outstanding shares of the company, which has a market capitalization of 717.27 million. As of now, sales total 0 K while income totals -125,040 K. Its latest quarter income was 0 K while its last quarter net income were -63,200 K.
