KD Logo

Erasca Inc (ERAS) rating initates by CapitalOne

Erasca Inc’s filing revealed that its Chairman & CEO Lim Jonathan E acquired Company’s shares for reported $0.48 million on Dec 06 ’23. In the deal valued at $1.72 per share,278,150 shares were bought. As a result of this transaction, Lim Jonathan E now holds 12,899,360 shares worth roughly $26.31 million.

Then, Start Valerie Denise Harding bought 10,000 shares, generating $18,480 in total proceeds. Upon buying the shares at $1.85, the Director now owns 20,000 shares.

Before that, Lim Jonathan E bought 721,850 shares. Erasca Inc shares valued at $1,217,761 were divested by the Chairman & CEO at a price of $1.69 per share. As a result of the transaction, Lim Jonathan E now holds 12,899,360 shares, worth roughly $26.31 million.

CapitalOne initiated its Erasca Inc [ERAS] rating to an Overweight in a research note published on March 11, 2024; the price target was $8. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. H.C. Wainwright began covering ERAS with “Buy” recommendation on October 11, 2023. Mizuho started covering the stock on March 30, 2023. It rated ERAS as “a Buy”.

Price Performance Review of ERAS

On Monday, Erasca Inc [NASDAQ:ERAS] saw its stock jump 7.94% to $2.04. Over the last five days, the stock has gained 10.27%. Erasca Inc shares have fallen nearly -4.23% since the year began. Nevertheless, the stocks have fallen -21.84% over the past one year. While a 52-week high of $3.38 was reached on 02/28/24, a 52-week low of $1.51 was recorded on 02/05/24. SMA at 50 days reached $2.1100, while 200 days put it at $2.1800. A total of 0.6 million shares were traded, compared to the trading of 0.53 million shares in the previous session.

Levels Of Support And Resistance For ERAS Stock

The 24-hour chart illustrates a support level at 1.9300, which if violated will result in even more drops to 1.8200. On the upside, there is a resistance level at 2.1100. A further resistance level may holdings at 2.1700. The Relative Strength Index (RSI) on the 14-day chart is 51.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0200, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.61%. Stochastics %K at 29.94% indicates the stock is a holding.

The most recent change occurred on February 24, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.

Most Popular

[the_ad id="945"]