Erasca Inc Stock Analysis
ERAS Stock | USD 2.89 0.08 2.85% |
Erasca Inc is undervalued with Real Value of 4.45 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.
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 Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday. Erasca Stock trading window is adjusted to America/New York timezone.
Erasca |
Erasca Stock Analysis Notes
About 12.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.81. 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 0.93. 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
Erasca Inc had very high historical volatility over the last 90 days | |
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 | |
Over 77.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from finance.yahoo.com: Erasca to Present at Upcoming Investor Conferences in September |
Erasca Inc Upcoming and Recent Events
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 | -0.03 | 15 | ||
2024-03-27 | 2023-12-31 | -0.23 | -0.2 | 0.03 | 13 | ||
2023-08-10 | 2023-06-30 | -0.24 | -0.21 | 0.03 | 12 |
Erasca Environmental, Social, and Governance (ESG) Scores
Erasca's ESG score is a quantitative measure that evaluates Erasca's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Erasca's operations that may have significant financial implications and affect Erasca's stock price as well as guide investors towards more socially responsible investments.
Erasca Stock Institutional Investors
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 | 5am Venture Management, Llc | 2024-06-30 | 5.4 M | Partner Fund Management Lp | 2024-06-30 | 4.7 M | Balyasny Asset Management Llc | 2024-06-30 | 4.3 M | Woodline Partners Lp | 2024-06-30 | 4.1 M | Marshall Wace Asset Management Ltd | 2024-06-30 | 3.7 M | Sio Capital Management, Llc | 2024-06-30 | 2.9 M | Prosight Management, Lp | 2024-06-30 | 2.8 M | Affinity Asset Advisors, Llc | 2024-06-30 | 2.5 M | Bank Of America Corp | 2024-03-31 | 2.2 M | Suvretta Capital Management, Llc | 2024-06-30 | 13.8 M | Arch Venture Corp | 2024-03-31 | 11.1 M |
Erasca Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 816.44 M.Erasca Profitablity
Last Reported | Projected 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 (0.1975) % which means that it has lost $0.1975 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.389) %, 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 Reported | Projected for Next Year | ||
Book Value Per Share | 2.11 | 2.21 | |
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 Value | 282.7 M | 268.5 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 1.177 | Return On Assets (0.20) | Return On Equity (0.39) |
Technical Drivers
As of the 31st of August, Erasca shows the Semi Deviation of 4.05, mean deviation of 3.43, and Downside Deviation of 4.29. 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. 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 2.89 per share. Please also check Erasca Inc total risk alpha, which is currently at (0.29) to verify the company can sustain itself at a future point.Erasca Inc Price Movement Analysis
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 Outstanding Bonds
Erasca issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Erasca Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Erasca bonds can be classified according to their maturity, which is the date when Erasca Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
MPLX LP 4875 Corp BondUS55336VAG59 | View | |
CVS Health Corp Corp BondUS126650DE72 | View |
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 Corporate Filings
8K | 12th of August 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
8K | 24th of June 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 21st of June 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 31st of May 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 29th of May 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 28th of May 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
F4 | 22nd of May 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 17th of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
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 Reported | Projected for Next Year |
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 Price | Advice | # of Analysts | |
9.71 | Strong Buy | 8 | Odds |
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 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 Flow | 284.2 M | |
Common Stock Shares Outstanding | 150.2 M | |
Total Stockholder Equity | 316.7 M | |
Property Plant And Equipment Net | 60.2 M | |
Cash And Short Term Investments | 312.4 M | |
Cash | 93.1 M | |
Accounts Payable | 2 M | |
Net Debt | -37.2 M | |
50 Day M A | 2.7276 | |
Total Current Liabilities | 26.2 M | |
Other Operating Expenses | 141.5 M | |
Non Current Assets Total | 74.6 M | |
Non Currrent Assets Other | 4.4 M | |
Stock Based Compensation | 26.2 M |
Additional 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.