Erasca Inc Stock Today

ERAS Stock  USD 2.35  0.11  4.91%   

Performance

6 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Less than 50

 
High
 
Low
About Average
Erasca is selling for under 2.35 as of the 22nd of May 2024; that is 4.91 percent up since the beginning of the trading day. The stock's lowest day price was 2.35. Erasca has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Erasca Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of April 2024 and ending today, the 22nd of May 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
16th of July 2021
Category
Healthcare
Classification
Health Care
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. The company has 173.36 M outstanding shares of which 10.51 M shares are currently shorted by private and institutional investors with about 15.54 trading days to cover. More on Erasca Inc

Erasca Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Erasca's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Erasca or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Erasca's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Erasca's managers, analysts, and investors.
Environmental
Governance
Social
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Biotechnology, NASDAQ Composite, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors)
Average Analyst Recommendation
Analysts covering Erasca report their recommendations after researching Erasca's financial statements, talking to executives and customers, or listening in on Erasca's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Erasca Inc. The Erasca consensus assessment is calculated by taking the average forecast from all of the analysts covering Erasca.
Erasca's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Erasca's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Erasca's financial leverage. It provides some insight into what part of Erasca's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Erasca's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Erasca deploys its capital and how much of that capital is borrowed.
Liquidity
Erasca cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 55.86 M in liabilities with Debt to Equity (D/E) ratio of 0.07, which may suggest the company is not taking enough advantage from borrowing. Erasca Inc has a current ratio of 16.75, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Erasca until it has trouble settling it off, either with new capital or with free cash flow. So, Erasca's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Erasca Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Erasca to invest in growth at high rates of return. When we think about Erasca's use of debt, we should always consider it together with cash and equity.

Depreciation

3.92 Million
Erasca Inc (ERAS) is traded on NASDAQ Exchange in USA. It is located in 3115 Merryfield Row, San Diego, CA, United States, 92121 and employs 126 people. Erasca is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 388.32 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 Inc conducts business under Biotechnology sector and is part of Health Care industry. The entity has 173.36 M outstanding shares of which 10.51 M shares are currently shorted by private and institutional investors with about 15.54 trading days to cover. 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.
Check Erasca Probability Of Bankruptcy
Ownership Allocation
Erasca holds a total of 173.36 Million outstanding shares. 30% of Erasca Inc outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Erasca Ownership Details

Erasca Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Erasca that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Erasca's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Erasca's value.
InstituionRecorded OnShares
Nuveen Asset Management, Llc2023-12-31
1.2 M
Millennium Management Llc2024-03-31
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
Charles Schwab Investment Management Inc2024-03-31
663.9 K
Arch Venture Corp2023-12-31
11.1 M
Armistice Capital, Llc2023-12-31
8.1 M
View Erasca Diagnostics

Erasca Historical Income Statement

Erasca Inc Income Statement is one of the three primary financial statements used for reporting Erasca's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Erasca Inc revenue and expense. Erasca Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Erasca's Net Interest Income is comparatively stable compared to the past year. Interest Income is likely to gain to about 16.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 23.1 M in 2024. View More Fundamentals

Erasca Stock Against Markets

Picking the right benchmark for Erasca stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Erasca stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Erasca is critical whether you are bullish or bearish towards Erasca Inc at a given time. Please also check how Erasca's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Erasca without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Erasca Corporate Management

Elected by the shareholders, the Erasca's board of directors comprises two types of representatives: Erasca inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Erasca. The board's role is to monitor Erasca's management team and ensure that shareholders' interests are well served. Erasca's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Erasca's outside directors are responsible for providing unbiased perspectives on the board's policies.
Esq JDGeneral SecretaryProfile
Michael VarneyScientific DevelopmentProfile
Chandra LovejoyVP AffairsProfile
Lisa TesvichBonoraChief OfficerProfile
Nik ChetwynVP OperationsProfile
CPA MSVP FinProfile
Wei MDChief OfficerProfile

How to buy Erasca Stock?

Before investing in Erasca, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Erasca. To buy Erasca stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Erasca. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Erasca stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Erasca Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Erasca Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Erasca Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Erasca Stock please use our How to Invest in Erasca guide.

Already Invested in Erasca Inc?

The danger of trading Erasca Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Erasca is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Erasca. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Erasca Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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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.
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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.