CapitalOne raised the price target for the Erasca Inc (NASDAQ:ERAS) stock to “an Overweight”. The rating was released on March 11, 2024, according to finviz. We previously noted in another research note published on January 05, 2024 by BofA Securities that downgraded the stock from a Buy to a Neutral with a price target of $6 for ERAS stock. The research report from H.C. Wainwright has initiated the stock to Buy, with a price target set at $10. The stock was initiated by Mizuho, who disclosed in a research note on March 30, 2023, to Buy and set the price objective to $9. In their research brief published February 24, 2023, Goldman analysts initiated the Erasca Inc stock to Buy with a price target of $10.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -10.71% within the last five trades and -3.85% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -16.67% in the last 6 months and 3.63% was added to its value over the previous 3 months. ERAS stock is trading at a margin of -6.10%, -3.91% and -10.32% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ERAS deals in the Healthcare domain. The stock is trading -40.74 percent below its 52-week high and 32.45 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -20.17. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Erasca Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 0.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $302.98 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 0.95, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 40.74 percent of Erasca Inc shares are owned by insiders, and 36.87 percent are held by financial institutions. Lim Jonathan E, the Chairman & CEO at Erasca Inc (ERAS) has bought 278,150 shares of firm on Dec 06 ’23 at a price of $1.72 against the total amount of $0.48 million. In another inside trade, Start Valerie Denise Harding, Director of Erasca Inc (NASDAQ:ERAS) bought 10,000 shares of the firm on Dec 06 ’23 for a total worth of $18480.0 at a price of $1.85. An inside trade which took place on Dec 05 ’23, Chairman & CEO of Erasca Inc Lim Jonathan E bought 721,850 shares of firm against total price of $1.22 million at the cost of $1.69 per share.
