This Is Too Hot For Erasca Inc (NASDAQ: ERAS), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, ERAS falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Erasca Inc is $766.56M. A total of 1.61 million shares were traded on the day, compared to an average of 2.33M shares.

In the most recent transaction, Casdin Alexander W. bought 80,000 shares of ERAS for 2.27 per share on May 21 ’24. After the transaction, the Director now owns 573,974 company shares. In a previous transaction on Dec 06 ’23, Lim Jonathan E bought 278,150 shares at 1.72 per share. ERAS shares that Chairman & CEO owns now total 12,899,360.

Among the insiders who bought shares, Start Valerie Denise Harding acquired of 10,000 shares on Dec 06 ’23 at a per-share price of $1.85. This resulted in the Director holding 20,000 shares of ERAS after the transaction. In another insider transaction, Lim Jonathan E bought 721,850 shares at $1.69 per share on Dec 05 ’23. Company shares held by the Chairman & CEO now total 12,899,360.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ERAS has a high of $3.33 and a low of $1.51.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ERAS’s latest balance sheet shows that the firm has $414.48M in Cash & Short Term Investments as of fiscal 2021. There were $18.79M in debt and $26.22M in liabilities at the time. Its Book Value Per Share was $1.91, while its Total Shareholder’s Equity was $456.53M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ERAS is Buy with a score of 4.71.

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