NASDAQ:ERAS Erasca (ERAS) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free ERAS Stock Alerts $2.06 0.00 (0.00%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$2.03▼$2.5950-Day Range$1.67▼$2.5552-Week Range$1.51▼$3.38Volume1.90 million shsAverage Volume690,054 shsMarket Capitalization$311.25 millionP/E RatioN/ADividend YieldN/APrice Target$8.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Erasca alerts: Email Address Erasca MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside288.3% Upside$8.00 Price TargetShort InterestBearish10.07% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.43Based on 12 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.95) to ($1.12) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.46 out of 5 starsMedical Sector533rd out of 938 stocksPharmaceutical Preparations Industry239th out of 417 stocks 3.4 Analyst's Opinion Consensus RatingErasca has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.00, Erasca has a forecasted upside of 288.3% from its current price of $2.06.Amount of Analyst CoverageErasca has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.07% of the float of Erasca has been sold short.Short Interest Ratio / Days to CoverErasca has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.Change versus previous monthShort interest in Erasca has recently decreased by 8.89%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldErasca does not currently pay a dividend.Dividend GrowthErasca does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ERAS. Previous Next 2.5 News and Social Media Coverage News SentimentErasca has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Erasca this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for ERAS on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat Follows5 people have added Erasca to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Erasca insiders have not sold or bought any company stock.Percentage Held by Insiders29.80% of the stock of Erasca is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions67.78% of the stock of Erasca is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Erasca are expected to decrease in the coming year, from ($0.95) to ($1.12) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Erasca is -1.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Erasca is -1.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioErasca has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. About Erasca Stock (NASDAQ:ERAS)Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.Read More ERAS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ERAS Stock News HeadlinesMarch 29, 2024 | americanbankingnews.comHC Wainwright Reiterates "Buy" Rating for Erasca (NASDAQ:ERAS)March 29, 2024 | markets.businessinsider.comErasca’s Strong Clinical Data and Enhanced Financial Position Support Buy RatingMarch 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 28, 2024 | markets.businessinsider.comAnalysts Offer Insights on Healthcare Companies: Celcuity (CELC) and Erasca (ERAS)March 28, 2024 | msn.comErasca to get $45M funding via private placementMarch 28, 2024 | marketwatch.comErasca Shares Climb After 4Q Loss Narrows, $45 Million Private PlacementMarch 27, 2024 | investorplace.comERAS Stock Earnings: Erasca Beats EPS for Q4 2023March 27, 2024 | globenewswire.comErasca Announces $45 Million Oversubscribed Private Placement FinancingMarch 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 27, 2024 | globenewswire.comErasca Reports Fourth Quarter 2023 and Full Year 2023 Business Updates and Financial ResultsMarch 21, 2024 | msn.comOcugen hits a 52-week high after decision to lower quorum requirementFebruary 27, 2024 | finance.yahoo.comERAS Mar 2024 2.000 putFebruary 17, 2024 | finance.yahoo.comERAS Mar 2024 2.500 callFebruary 15, 2024 | msn.comErasca collaborates with Novartis on cancer therapy trialsFebruary 14, 2024 | finance.yahoo.comErasca Announces Two Clinical Trial Collaboration and Supply Agreements for Trametinib to Evaluate Naporafenib Combination in SEACRAFT-1 and SEACRAFT-2 TrialsFebruary 1, 2024 | finance.yahoo.comErasca to Present at the Guggenheim Healthcare Talks 6th Annual Biotechnology ConferenceJanuary 9, 2024 | finance.yahoo.comIs Erasca (NASDAQ:ERAS) In A Good Position To Invest In Growth?January 7, 2024 | benzinga.comErasca Stock (NASDAQ:ERAS), Analyst Ratings, Price Targets, PredictionsJanuary 6, 2024 | msn.comB of A Securities Downgrades Erasca (ERAS)January 3, 2024 | finance.yahoo.comErasca to Present at the 42nd Annual J.P. Morgan Healthcare ConferenceDecember 13, 2023 | markets.businessinsider.comStrong Buy Rating for Erasca’s Stock on FDA Fast Track Designation and Market Expansion PotentialDecember 13, 2023 | finance.yahoo.comErasca Co-Founder Acquires 3.2% More StockDecember 11, 2023 | markets.businessinsider.comErasca: FDA Grants Fast Track Designation To Naporafenib In Combination With TrametinibDecember 11, 2023 | finance.yahoo.comErasca Granted FDA Fast Track Designation for Pan-RAF Inhibitor Naporafenib in Patients with Advanced NRAS-Mutated MelanomaDecember 7, 2023 | msn.comErasca director Alexander Casdin discloses purchase of 30K sharesDecember 7, 2023 | msn.comErasca CEO Lim buys stock worth $1.7M - filingNovember 28, 2023 | finanznachrichten.deErasca, Inc.: Erasca Achieves Key Milestones for Naporafenib and ERAS-801 Programs and Extends Cash RunwaySee More Headlines Receive ERAS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Erasca and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/10/2021Today3/29/2024Next Earnings (Estimated)5/20/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Pharmaceutical preparations Sub-IndustryN/A Current SymbolNASDAQ:ERAS CUSIPN/A CIK1761918 Webwww.erasca.com Phone858-465-6511FaxN/AEmployees129Year FoundedN/APrice Target and Rating Average Stock Price Target$8.00 High Stock Price Target$11.00 Low Stock Price Target$6.00 Potential Upside/Downside+288.3%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.69) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-242,800,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-34.83% Return on Assets-28.35% Debt Debt-to-Equity RatioN/A Current Ratio11.45 Quick Ratio11.45 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$3.37 per share Price / Book0.61Miscellaneous Outstanding Shares151,090,000Free Float106,063,000Market Cap$311.25 million OptionableOptionable Beta1.13 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesDr. Jonathan E. Lim M.D. (Age 52)Co-Founder, Chairman & CEO Comp: $940.32kDr. David M. Chacko M.D. (Age 40)CFO & Chief Business Officer Comp: $616.76kDr. Michael D. Varney Ph.D. (Age 66)Chairman of Research & Development, Scientific Advisory Board Member and Director Comp: $83.26kDr. Nik Chetwyn Ph.D.Chief Operating OfficerMr. Ebun S. Garner J.D. (Age 52)Esq., General Counsel & Corporate Secretary Comp: $510.98kDr. Lisa Tesvich-Bonora Ph.D.Chief People OfficerMr. Brian L. Baker CPA (Age 57)M.S., Senior Vice President of Finance Ms. Chandra D. Lovejoy M.S. (Age 53)Chief Regulatory Affairs Officer Dr. Robert Shoemaker Ph.D. (Age 43)Senior Vice President of Research Dr. Shannon R. Morris M.D. (Age 54)Ph.D., Chief Medical Officer More ExecutivesKey CompetitorsAquestive TherapeuticsNASDAQ:AQSTVerastemNASDAQ:VSTMRAPT TherapeuticsNASDAQ:RAPTNanobiotixNASDAQ:NBTXXeris BiopharmaNASDAQ:XERSView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Sold 1,322,769 shares on 3/11/2024Ownership: 2.510%Goldman Sachs Group Inc.Bought 633,192 shares on 3/1/2024Ownership: 0.858%Sierra Summit Advisors LLCBought 105,711 shares on 2/22/2024Ownership: 0.070%GSA Capital Partners LLPBought 263,767 shares on 2/16/2024Ownership: 0.442%Public Employees Retirement System of OhioBought 26,900 shares on 2/16/2024Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions ERAS Stock Analysis - Frequently Asked Questions Should I buy or sell Erasca stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Erasca in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ERAS shares. View ERAS analyst ratings or view top-rated stocks. What is Erasca's stock price target for 2024? 4 Wall Street research analysts have issued 1 year price objectives for Erasca's shares. Their ERAS share price targets range from $6.00 to $11.00. On average, they anticipate the company's share price to reach $8.00 in the next year. This suggests a possible upside of 288.3% from the stock's current price. View analysts price targets for ERAS or view top-rated stocks among Wall Street analysts. How have ERAS shares performed in 2024? Erasca's stock was trading at $2.13 on January 1st, 2024. Since then, ERAS shares have decreased by 3.3% and is now trading at $2.06. View the best growth stocks for 2024 here. Are investors shorting Erasca? Erasca saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 9,020,000 shares, a drop of 8.9% from the February 29th total of 9,900,000 shares. Based on an average trading volume of 801,900 shares, the short-interest ratio is currently 11.2 days. Currently, 10.1% of the company's shares are short sold. View Erasca's Short Interest. When is Erasca's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our ERAS earnings forecast. How were Erasca's earnings last quarter? Erasca, Inc. (NASDAQ:ERAS) posted its earnings results on Wednesday, November, 10th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.05. What ETF holds Erasca's stock? Virtus LifeSci Biotech Clinical Trials ETF holds 40,125 shares of ERAS stock, representing 0.90% of its portfolio. When did Erasca IPO? Erasca (ERAS) raised $262 million in an initial public offering on Thursday, July 15th 2021. The company issued 17,500,000 shares at a price of $14.00-$16.00 per share. Who are Erasca's major shareholders? Erasca's stock is owned by many different institutional and retail investors. Top institutional shareholders include Armistice Capital LLC (5.36%), Vanguard Group Inc. (2.51%), Vanguard Group Inc. (2.51%), PFM Health Sciences LP (1.70%), Schroder Investment Management Group (1.27%) and Goldman Sachs Group Inc. (0.86%). Insiders that own company stock include Alexander W Casdin, Bihua Chen, Jonathan E Lim and Valerie Denise Harding Start. View institutional ownership trends. How do I buy shares of Erasca? Shares of ERAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ERAS) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Erasca, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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