In a filing, Erasca Inc revealed its Affiliate Erasca Foundation acquired Company’s shares for reported $24090.0 on Sep 16 ’24. In the deal valued at $2.89 per share,8,333 shares were bought.
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Then, Erasca Foundation bought 8,333 shares, generating $21,619 in total proceeds.
Before that, Casdin Alexander W. bought 80,000 shares. Erasca Inc shares valued at $181,920 were divested by the Director at a price of $2.27 per share. As a result of the transaction, Casdin Alexander W. now holds 573,974 shares, worth roughly $1.54 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 Friday, Erasca Inc [NASDAQ:ERAS] saw its stock fall -1.11% to $2.68. Over the last five days, the stock has lost -7.27%. Erasca Inc shares have risen nearly 25.82% since the year began. Nevertheless, the stocks have risen 23.50% over the past one year. While a 52-week high of $3.45 was reached on 07/26/24, a 52-week low of $1.51 was recorded on 02/05/24. SMA at 50 days reached $2.85, while 200 days put it at $2.31.
Levels Of Support And Resistance For ERAS Stock
The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.61. On the upside, there is a resistance level at 2.74. A further resistance level may holdings at 2.81. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.50%. Stochastics %K at 30.28% indicates the stock is a holding.
How much short interest is there in Erasca Inc?
A steep rise in short interest was recorded in Erasca Inc stocks on 2024-09-13, growing by 3.61 million shares to a total of 27.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 23.42 million shares. There was a rise of 13.35%, which implies that there is a positive sentiment for the stock.
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.
