Erasca Inc Stock Today

ERAS Stock  USD 3.28  0.01  0.31%   

Performance

14 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 21

 
High
 
Low
Low
Erasca is selling for under 3.28 as of the 26th of July 2024; that is 0.31 percent increase since the beginning of the trading day. The stock's lowest day price was 3.2. Erasca has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Erasca Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2024 and ending today, the 26th of July 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 272.82 M outstanding shares of which 21.81 M shares are currently shorted by private and institutional investors with about 9.51 trading days to cover. More on Erasca Inc

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Follow Valuation Options Odds of Bankruptcy
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Erasca Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Biotechnology, NASDAQ Composite, NASDAQ Health Care, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Total Current Liabilities25.9 M26.2 M
Fairly Down
Slightly volatile
Non Current Liabilities Total66.7 M52.5 M
Significantly Up
Very volatile
Total Assets350.2 M395.3 M
Fairly Down
Slightly volatile
Total Current Assets298.4 M320.7 M
Significantly Down
Slightly volatile
Debt Levels
Erasca can leverage 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.
Liquidity
Erasca Inc 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. Note, when we think about Erasca's use of debt, we should always consider it together with its 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 853.92 M. Erasca Inc conducts business under Biotechnology sector and is part of Health Care industry. The entity has 272.82 M outstanding shares of which 21.81 M shares are currently shorted by private and institutional investors with about 9.51 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.
Check Erasca Probability Of Bankruptcy
Ownership Allocation
Erasca holds a total of 272.82 Million outstanding shares. Over half of Erasca's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. 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

InstituionRecorded OnShares
State Street Corporation2024-03-31
1.7 M
Renaissance Technologies Corp2024-03-31
1.6 M
Goldman Sachs Group Inc2024-03-31
1.6 M
Cvi Holdings Llc2024-03-31
1.5 M
Millennium Management Llc2024-03-31
1.2 M
Point72 Asset Management, L.p.2024-03-31
1.1 M
Two Sigma Investments Llc2024-03-31
1.1 M
Two Sigma Advisers, Llc2024-03-31
M
Woodline Partners Lp2024-03-31
890.8 K
Arch Venture Corp2024-03-31
11.1 M
Blackrock Inc2024-03-31
M
View Erasca Diagnostics

Erasca Historical Income Statement

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

Erasca Corporate Management

Esq JDGeneral SecretaryProfile
Michael VarneyScientific DevelopmentProfile
Chandra LovejoyVP AffairsProfile
Lisa TesvichBonoraChief OfficerProfile
Nik ChetwynVP OperationsProfile
CPA MSVP FinProfile
Wei MDChief OfficerProfile

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.