NASDAQ:ERAS Erasca (ERAS) Stock Price, News & Analysis → Fidelity, Bezos, Goldman Bet Big on Tiny Biotech (From Behind the Markets) (Ad) Free ERAS Stock Alerts $2.15 -0.03 (-1.38%) (As of 05/8/2024 ET) Add Compare Share Share Today's Range$2.10▼$2.1850-Day Range$1.79▼$2.5552-Week Range$1.51▼$3.38Volume412,094 shsAverage Volume748,054 shsMarket Capitalization$372.72 millionP/E RatioN/ADividend YieldN/APrice Target$7.83 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 Buy2.80 Rating ScoreUpside/Downside264.3% Upside$7.83 Price TargetShort InterestBearish10.56% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.38Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.92) to ($0.99) 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.1.54 out of 5 starsMedical Sector639th out of 905 stocksPharmaceutical Preparations Industry293rd out of 422 stocks 3.4 Analyst's Opinion Consensus RatingErasca has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageErasca has only been the subject of 3 research reports in the past 90 days.Read more about Erasca's stock forecast and price target. Previous Next 0.0 Short Interest Percentage of Shares Shorted10.56% of the float of Erasca has been sold short.Short Interest Ratio / Days to CoverErasca has a short interest ratio ("days to cover") of 12.1, which indicates bearish sentiment.Change versus previous monthShort interest in Erasca has recently increased by 6.88%, indicating that investor sentiment is decreasing 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 3.0 News and Social Media Coverage News SentimentErasca has a news sentiment score of 1.38. 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 higher news sentiment than the 0.37 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Erasca this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for ERAS on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Erasca to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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.Read more about Erasca's insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Erasca are expected to decrease in the coming year, from ($0.92) to ($0.99) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Erasca is -2.59, 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 -2.59, 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 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Erasca's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsBREAKING – Pentagon to Spend $20 Billion on “Distributed AI”BREAKING - Pentagon to Spend $20 Billion on "Distributed AI" The U.S. Space Force calls it a "game changer." And one tiny firm is poised to win the contract to build it.Discover the name and ticker of this $2 stock here >>> About Erasca Stock (NASDAQ:ERAS)Erasca, Inc., a clinical-stage precision oncology company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead product is naporafenib which is in phase 1b trial for patients with RAS Q16X solid tumors and plans to initiate a pivotal Phase 3 trial for patients with NRASm melanoma. It also develops ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung and colorectal cancer, and advanced gastrointestinal malignancies; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. In addition, it is developing ERAS-801, a central nervous system-penetrant EGFR inhibitor which is in phase 1 clinical trials for the treatment of patients with recurrent glioblastoma multiforme. The company entered into license agreement with Novartis to develop, manufacture, use, and commercialize naporafenib; Katmai Pharmaceuticals, Inc. to develop, manufacture, use, and commercialize ERAS-801 and certain other related compounds; and NiKang Therapeutics, Inc. to develop and commercialize ERAS-601 and certain other related compounds. Erasca, Inc. 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 HeadlinesMay 8, 2024 | globenewswire.comErasca Reports First Quarter 2024 Business Updates and Financial ResultsMay 7, 2024 | finance.yahoo.comErasca to Present at the Bank of America Health Care ConferenceMay 8, 2024 | Behind the Markets (Ad)The Weight Loss Pill That Could Disrupt a $32 Billion IndustryA revolutionary new weight loss pill is about to send shockwaves through the plus-size clothing market. Analysts are calling it the "King Kong" of diet drugs after amazing clinical trial results.May 2, 2024 | americanbankingnews.comErasca, Inc. (NASDAQ:ERAS) Short Interest UpdateApril 24, 2024 | globenewswire.comErasca Announces Three Presentations at the 2024 ASCO Annual MeetingApril 16, 2024 | finance.yahoo.comInstitutional investors may adopt severe steps after Erasca, Inc.'s (NASDAQ:ERAS) latest 11% drop adds to a year lossesApril 9, 2024 | fool.comErasca (NASDAQ: ERAS)April 3, 2024 | markets.businessinsider.comErasca’s Promising Naporafenib Data and Financial Stability Merit a Buy RatingMay 8, 2024 | Behind the Markets (Ad)The Weight Loss Pill That Could Disrupt a $32 Billion IndustryA revolutionary new weight loss pill is about to send shockwaves through the plus-size clothing market. Analysts are calling it the "King Kong" of diet drugs after amazing clinical trial results.April 1, 2024 | finance.yahoo.comErasca, Inc. (NASDAQ:ERAS) Q4 2023 Earnings Call TranscriptMarch 31, 2024 | seekingalpha.comErasca, Inc. (ERAS) R&D Update Call and Q4 2023 Earnings Call TranscriptMarch 29, 2024 | finanznachrichten.deErasca, Inc.: Erasca Reports Fourth Quarter 2023 and Full Year 2023 Business Updates and Financial ResultsMarch 29, 2024 | finance.yahoo.comErasca Inc (ERAS) Aligns with EPS Projections, Reveals Robust Balance Sheet and Key Clinical ...March 29, 2024 | markets.businessinsider.comErasca’s Strong Clinical Data and Enhanced Financial Position Support Buy RatingMarch 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 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?See 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 Earnings3/27/2024Today5/08/2024Next 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$7.83 High Stock Price Target$11.00 Low Stock Price Target$6.00 Potential Upside/Downside+264.3%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.83) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-125,040,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-35.60% Return on Assets-29.03% Debt Debt-to-Equity RatioN/A Current Ratio12.26 Quick Ratio12.26 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$2.10 per share Price / Book1.02Miscellaneous Outstanding Shares173,360,000Free Float121,698,000Market Cap$372.72 million OptionableOptionable Beta1.06 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.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 CompetitorsBlack Diamond TherapeuticsNASDAQ:BDTXMereo BioPharma GroupNASDAQ:MREORani TherapeuticsNASDAQ:RANITerns PharmaceuticalsNASDAQ:TERNHarrowNASDAQ:HROWView All CompetitorsInsiders & InstitutionsCVI Holdings LLCBought 1,456,311 shares on 5/7/2024Ownership: 0.840%Susquehanna Fundamental Investments LLCBought 104,691 shares on 5/7/2024Ownership: 0.060%SG Americas Securities LLCSold 10,915 shares on 5/7/2024Ownership: 0.021%GSA Capital Partners LLPSold 98,810 shares on 5/3/2024Ownership: 0.328%China Universal Asset Management Co. Ltd.Bought 11,541 shares on 4/29/2024Ownership: 0.019%View All Insider TransactionsView All Institutional Transactions ERAS Stock Analysis - Frequently Asked Questions Should I buy or sell Erasca stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Erasca in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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? 5 Wall Street research analysts have issued 1-year price targets for Erasca's stock. Their ERAS share price targets range from $6.00 to $11.00. On average, they predict the company's stock price to reach $7.83 in the next twelve months. This suggests a possible upside of 264.3% 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 at the beginning of the year. Since then, ERAS stock has increased by 0.9% and is now trading at $2.15. View the best growth stocks for 2024 here. Are investors shorting Erasca? Erasca saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 9,480,000 shares, an increase of 6.9% from the March 31st total of 8,870,000 shares. Based on an average trading volume of 783,400 shares, the days-to-cover ratio is presently 12.1 days. Currently, 10.6% of the company's stock are sold short. 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 quarterly earnings results on Wednesday, March, 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. What ETFs hold Erasca's stock? ETFs with the largest weight of Erasca (NASDAQ:ERAS) stock in their portfolio include Range Cancer Therapeutics ETF (CNCR).Loncar China Biopharma ETF (CHNA). 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 a variety of institutional and retail investors. Top institutional shareholders include CVI Holdings LLC (0.84%), GSA Capital Partners LLP (0.33%), Susquehanna Fundamental Investments LLC (0.06%), SG Americas Securities LLC (0.02%), China Universal Asset Management Co. Ltd. (0.02%) and Aaron Wealth Advisors LLC (0.02%). 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. 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