Erasca Inc (NASDAQ:ERAS) saw a downside of -4.66% to close Friday at $2.25 after subtracting -$0.11 on the day. The 5-day average trading volume is 792,300 shares of the company’s common stock. It has gained $2.58 in the past week and touched a new high 1 time within the past 5 days. An average of 566,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 506,850.
ERAS’s 1-month performance is -15.09% or -$0.30 on its low of $2.24 reached on 09/22/23. The company’s shares have touched a 52-week low of $2.28 and high of $9.25, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, ERAS has lost -47.80% or -$2.06 and has reached a new high 1 time. However, the current price is down -75.68% from the 52-week high price.
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Valuation Metrics
ERAS stock has a beta of 1.09. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.93.
Erasca Inc’s quick ratio for the period ended June 29 was 13.90, with the current ratio over the same period at 13.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.16.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -12.05% to -$31.78 million, while revenue of -$33.2 million was -4.47% off the previous quarter. Analysts expected ERAS to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.21, representing a 12.50% surprise. ERAS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 77.96 million, with total debt at $57.64 million. Shareholders hold equity totaling $151.04 million.
Let’s look briefly at Erasca Inc (ERAS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 24.14% to suggest the stock is trending oversold, with historical volatility in this time period at 35.25%.
The stock’s 5-day moving average is $2.36, reflecting a -12.79% or -$0.33 change from its current price. ERAS is currently trading -12.79% above its 20-day SMA, -20.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.97% and SMA200 by-69.09%.
Stochastic %K and %D was 7.68% and 8.57% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 31.21%, while the 14-day stochastic is at 2.11% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Erasca Inc (NASDAQ: ERAS), Mizuho launched coverage with a Buy rating. Analysts offering their rating for ERAS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ERAS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is ERAS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $15.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for Erasca Inc (ERAS) stock is $9.67.
