Erasca Inc. (ERAS) is priced at $7.30 after the most recent trading session. At the very opening of the session, the stock price was $8.00 and reached a high price of $8.00, prior to closing the session it reached the value of $8.12. The stock touched a low price of $7.19.Recently in News on September 9, 2022, Erasca to Present at the Morgan Stanley Global Healthcare Conference. Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced its participation in the Morgan Stanley Global Healthcare Conference. Jonathan E. Lim, M.D., chairman, CEO, and co-founder, and David M. Chacko, M.D., chief financial officer, will represent Erasca in a fireside chat at 12:55 pm Eastern Time on Wednesday, September 14, 2022, at the Sheraton Hotel in New York, New York. Drs. Lim and Chacko will also participate in one-on-one investor meetings. You can read further details here
Erasca Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $15.70 on 01/03/22, with the lowest value was $4.51 for the same time period, recorded on 06/16/22.
Erasca Inc. (ERAS) full year performance was -62.41%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Erasca Inc. shares are logging -68.18% during the 52-week period from high price, and 61.86% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.51 and $22.94.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 756642 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Erasca Inc. (ERAS) recorded performance in the market was -53.15%, having the revenues showcasing 48.07% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 958.64M, as it employees total of 123 workers.
Market experts do have their say about Erasca Inc. (ERAS)
During the last month, 0 analysts gave the Erasca Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 7.10, with a change in the price was noted -0.86. In a similar fashion, Erasca Inc. posted a movement of -10.54% for the period of last 100 days, recording 493,284 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ERAS is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Erasca Inc. (ERAS)
Raw Stochastic average of Erasca Inc. in the period of last 50 days is set at 26.50%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 5.09%. In the last 20 days, the company’s Stochastic %K was 31.80% and its Stochastic %D was recorded 45.58%.
Bearing in mind the latest performance of Erasca Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -53.15%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -35.17%, alongside a downfall of -62.41% for the period of the last 12 months. The shares increased approximately by -18.53% in the 7-day charts and went up by -18.89% in the period of the last 30 days. Common stock shares were driven by 48.07% during last recorded quarter.