Erasca Inc Stock Analysis

ERAS Stock  USD 1.97  0.12  6.49%   
Erasca Inc is undervalued with Real Value of 3.85 and Target Price of 9.71. The main objective of Erasca stock analysis is to determine its intrinsic value, which is an estimate of what Erasca Inc is worth, separate from its market price. There are two main types of Erasca's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Erasca's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Erasca's stock to identify patterns and trends that may indicate its future price movements.
The Erasca stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Erasca is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Erasca Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Erasca's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Erasca Stock Analysis Notes

About 20.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.9. Some equities with similar Price to Book (P/B) outperform the market in the long run. Erasca Inc has Price/Earnings To Growth (PEG) ratio of 0.37. The entity recorded a loss per share of 0.84. The firm had not issued any dividends in recent years. Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RASMAPK pathway-driven cancers. The company was incorporated in 2018 and is headquartered in San Diego, California. Erasca operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 123 people. To learn more about Erasca Inc call the company at 858 465 6511 or check out https://www.erasca.com.

Erasca Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Erasca's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Erasca Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Erasca Inc may become a speculative penny stock
Erasca Inc had very high historical volatility over the last 90 days
Erasca Inc has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (125.04 M) with profit before overhead, payroll, taxes, and interest of 0.
Erasca Inc currently holds about 371.48 M in cash with (101.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Erasca Inc has a poor financial position based on the latest SEC disclosures
Roughly 20.0% of the company shares are held by company insiders
Latest headline from seekingalpha.com: Erasca stock climbs 10 percent amid pipeline restructuring, equity offering

Erasca Inc Upcoming and Recent Events

Earnings reports are used by Erasca to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Erasca previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
28th of March 2024
Upcoming Quarterly Report
View
20th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
28th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Erasca Largest EPS Surprises

Earnings surprises can significantly impact Erasca's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-05-08
2024-03-31-0.2-0.23-0.0315 
2024-03-27
2023-12-31-0.23-0.20.0313 
2023-08-10
2023-06-30-0.24-0.210.0312 
View All Earnings Estimates

Erasca Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Erasca is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Erasca Inc backward and forwards among themselves. Erasca's institutional investor refers to the entity that pools money to purchase Erasca's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Nuveen Asset Management, Llc2023-12-31
1.2 M
Two Sigma Investments Llc2023-12-31
997.4 K
Woodline Partners Lp2023-12-31
919.1 K
Edbi Pte Ltd2024-03-31
888.9 K
Bank Of America Corp2023-12-31
726.8 K
Northern Trust Corp2023-12-31
700.9 K
Morgan Stanley - Brokerage Accounts2023-12-31
691.8 K
Gsa Capital Partners Llp2023-12-31
667.8 K
Charles Schwab Investment Management Inc2023-12-31
650.1 K
Arch Venture Corp2023-12-31
11.1 M
Armistice Capital, Llc2023-12-31
8.1 M
Note, although Erasca's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Erasca Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 320.71 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Erasca's market, we take the total number of its shares issued and multiply it by Erasca's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Erasca Profitablity

Erasca's profitability indicators refer to fundamental financial ratios that showcase Erasca's ability to generate income relative to its revenue or operating costs. If, let's say, Erasca is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Erasca's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Erasca's profitability requires more research than a typical breakdown of Erasca's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.32)(0.33)
Return On Capital Employed(0.38)(0.40)
Return On Assets(0.32)(0.33)
Return On Equity(0.39)(0.38)

Management Efficiency

Erasca Inc has return on total asset (ROA) of (0.2139) % which means that it has lost $0.2139 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.376) %, meaning that it created substantial loss on money invested by shareholders. Erasca's management efficiency ratios could be used to measure how well Erasca manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.33 in 2024. Return On Capital Employed is likely to drop to -0.4 in 2024. At this time, Erasca's Net Tangible Assets are comparatively stable compared to the past year. Debt To Assets is likely to gain to 0.15 in 2024, whereas Total Assets are likely to drop slightly above 350.2 M in 2024.
Last ReportedProjected for Next Year
Book Value Per Share 2.11  2.21 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share 2.11  1.32 
Enterprise Value Over EBITDA(2.05)(2.15)
Price Book Value Ratio 1.01  1.06 
Enterprise Value Multiple(2.05)(2.15)
Price Fair Value 1.01  1.06 
Enterprise Value282.7 M268.5 M
The analysis of Erasca's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Erasca's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Erasca Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
1.062

Technical Drivers

As of the 18th of May 2024, Erasca shows the Semi Deviation of 3.78, downside deviation of 4.19, and Mean Deviation of 3.55. Erasca Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Erasca Inc, which can be compared to its peers. Please confirm Erasca Inc coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Erasca Inc is priced favorably, providing market reflects its regular price of 1.97 per share. Please also check Erasca Inc total risk alpha, which is currently at (0.42) to verify the company can sustain itself at a future point.

Erasca Inc Price Movement Analysis

Execute Study
The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Erasca middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Erasca Inc. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Erasca Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Erasca insiders, such as employees or executives, is commonly permitted as long as it does not rely on Erasca's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Erasca insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Erasca Predictive Daily Indicators

Erasca intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Erasca stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Erasca Forecast Models

Erasca's time-series forecasting models are one of many Erasca's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Erasca's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Erasca Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Erasca prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Erasca shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Erasca. By using and applying Erasca Stock analysis, traders can create a robust methodology for identifying Erasca entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.00  0.00 
Operating Profit Margin 0.00  0.00 
Net Profit Margin 0.00  0.00 
Gross Profit Margin 0.00  0.00 

Current Erasca Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Erasca analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Erasca analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
9.71Strong Buy8Odds
Erasca Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Erasca analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Erasca stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Erasca Inc, talking to its executives and customers, or listening to Erasca conference calls.
Erasca Analyst Advice Details

Erasca Stock Analysis Indicators

Erasca Inc stock analysis indicators help investors evaluate how Erasca stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Erasca shares will generate the highest return on investment. By understating and applying Erasca stock analysis, traders can identify Erasca position entry and exit signals to maximize returns.
Begin Period Cash Flow284.2 M
Common Stock Shares Outstanding150.2 M
Total Stockholder Equity316.7 M
Property Plant And Equipment Net60.2 M
Cash And Short Term Investments312.4 M
Cash93.1 M
Accounts PayableM
Net Debt-37.2 M
50 Day M A2.0554
Total Current Liabilities26.2 M
Other Operating Expenses141.5 M
Non Current Assets Total74.6 M
Non Currrent Assets Other4.4 M
Stock Based Compensation26.2 M
When determining whether Erasca Inc is a strong investment it is important to analyze Erasca's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erasca's future performance. For an informed investment choice regarding Erasca Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Erasca Inc information on this page should be used as a complementary analysis to other Erasca's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Erasca Stock analysis

When running Erasca's price analysis, check to measure Erasca's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Stocks Directory
Find actively traded stocks across global markets
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Is Erasca's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erasca. If investors know Erasca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erasca listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.84)
Return On Assets
(0.21)
Return On Equity
(0.38)
The market value of Erasca Inc is measured differently than its book value, which is the value of Erasca that is recorded on the company's balance sheet. Investors also form their own opinion of Erasca's value that differs from its market value or its book value, called intrinsic value, which is Erasca's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erasca's market value can be influenced by many factors that don't directly affect Erasca's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erasca's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erasca is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erasca's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.