As of Friday close, Erasca Inc.’s (NASDAQ:ERAS) stock was down -$0.17, moving down -5.26 percent to $3.06. The average number of shares traded per day over the past five days has been 1,955,180 shares. 3 times new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 1,239,850, while in the previous 50 days, it was 1,084,608.
Since last month, ERAS stock retreated -20.10%. Shares of the company fell to $2.93 on 03/10/23, the lowest level in the past month. A 52-week high of $11.80 was reached on 01/03/23 after having rallying from a 52-week low of $2.93. Since the beginning of this year, ERAS’s stock price has dropped by -29.00% or -$1.25, and marked a new high 1 time. However, the stock has declined by -74.07% since its 52-week high.
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ERAS stock investors should be aware that Erasca Inc. (ERAS) stock had its last reported insider trading activity 67 days ago on Jan 10. Lim Jonathan E, the Chairman & CEO of the company, purchased of 60,000 shares for $3.86 on Jan 10. It resulted in a $231,420 investment by the insider. Bristol James Arthur added 20,000 shares at an average price of $4.14 on Dec 21. The insider now owns 20,000 shares following the transaction. On Dec 21, Director Start Valerie Denise Harding bought 10,000 shares at $4.64 apiece. The transaction was valued at $46,400.
In the three months ended September 29, Erasca Inc.’s quick ratio stood at 13.20, while its current ratio was 13.20, showing that the company is able to pay off its debt.
While analysts expected Erasca Inc. to report -$0.31 quarterly earnings, the actual figure was -$0.29 per share, beating the consensus estimate by 6.50%. The liabilities of Erasca Inc. were 81.11 million at the end of its most recent quarter ended September 29, and its total debt was $54.46 million. The value of shareholders’ equity is $122.36 million.
This quick technical analysis looks at Erasca Inc.’s (ERAS) price momentum. With a historical volatility rate of 65.05%, the RSI 9-day stood at 32.27% on 17 March.
With respect to its five-day moving average, the current Erasca Inc. price is up by +0.33% percent or $0.01. At present, ERAS shares trade -17.74% below its 20-day simple moving average and -59.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.08% below its SMA50 and -43.54% below its SMA200.
Stochastic coefficient K was 26.82% and Stochastic coefficient D was 30.36%, while ATR was 0.21. Given the Stochastic reading of 16.05% for the 14-day period, the RSI (14) reading has been calculated as 33.61%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.14.
Goldman launched its rating on Erasca Inc. (NASDAQ: ERAS) to a Buy in a note to investors on February 24, 2023. Erasca Inc. (ERAS) has been rated Buy by analysts. According to 0 brokerage firms, ERAS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Erasca Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $10.00 – $22.00. Based on these forecasts, analysts predict Erasca Inc. (ERAS) will achieve an average price target of $17.17.