Stocks of Erasca Inc (NASDAQ:ERAS) traded higher last session on Wall Street, up 5.00% to $2.31.
ERAS stock price is now 7.47% away from the 50-day moving average and 9.68% away from the 200-day moving average. The market capitalization of the company currently stands at $600.25M.
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With the price target of $8, CapitalOne recently initiated with Overweight rating for Erasca Inc (NASDAQ: ERAS). On January 05, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $11 to quote $6, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Casdin Alexander W., Director bought 80,000 shares of the company’s stock on May 21 ’24. The stock was bought for $181,920 at an average price of $2.27. Upon completion of the transaction, the Director now directly owns 573,974 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’23, Chairman & CEO Lim Jonathan E bought 278,150 shares of the business’s stock. A total of $478,418 was incurred on buying the stock at an average price of $1.72. This leaves the insider owning 12,899,360 shares of the company worth $29.8 million. A total of 35.93% of the company’s stock is owned by insiders.
During the past 12 months, Erasca Inc has had a low of $1.51 and a high of $2.97. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 10.14, and a quick ratio of 10.14. The fifty day moving average price for ERAS is $2.157 and a two-hundred day moving average price translates $2.104275 for the stock.
The latest earnings results from Erasca Inc (NASDAQ: ERAS) was released for 2024-03-31.
