Erasca Inc Stock Price on May 31, 2024
| ERAS Stock | USD 2.78 0.02 0.72% |
If you're considering investing in Erasca Stock, it is important to understand the factors that can impact its price. As of today, the current price of Erasca stands at 2.78, as last reported on the 26th of November, with the highest price reaching 2.82 and the lowest price hitting 2.68 during the day. Currently, Erasca Inc is relatively risky. Erasca Inc secures Sharpe Ratio (or Efficiency) of 0.0064, which denotes the company had a 0.0064% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Erasca Inc, which you can use to evaluate the volatility of the firm. Please confirm Erasca's Downside Deviation of 3.96, semi deviation of 3.66, and Mean Deviation of 3.33 to check if the risk estimate we provide is consistent with the expected return of 0.0249%.
At this time, Erasca's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 415.1 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 138.4 M in 2024. . At this time, Erasca's Price Book Value Ratio is comparatively stable compared to the past year. Price To Book Ratio is likely to gain to 1.06 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.04 in 2024. Erasca Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Erasca |
Sharpe Ratio = 0.0064
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ERAS |
Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Erasca is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Erasca by adding Erasca to a well-diversified portfolio.
Price Book 1.7339 | Book Value 1.652 | Enterprise Value 514.4 M | Enterprise Value Ebitda (1.57) | Shares Float 215.9 M |
Erasca Main Headline on 31st of May 2024
Acquisition by Chen Bihua of 200000 shares of Erasca at 22.1... by MacroaxisInsider
Filed transaction by Erasca Inc Director. Grant, award or other acquisition pursuant to Rule 16b-3
Erasca Valuation on May 31, 2024
It is possible to determine the worth of Erasca on a given historical date. On May 31, 2024 Erasca was worth 2.47 at the beginning of the trading date compared to the closed value of 2.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erasca stock. Still, in general, we apply an absolute valuation method to find Erasca's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Erasca where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erasca's related companies.
| Open | High | Low | Close | Volume | |
| 2.39 | 2.49 | 2.39 | 2.48 | 1,553,291 | |
05/31/2024 | 2.47 | 2.56 | 2.47 | 2.52 | 1,822,228 |
| 2.52 | 2.70 | 2.43 | 2.58 | 1,729,403 |
| Backtest Erasca | | | Erasca History | | | Erasca Valuation | Previous | Next |
Erasca Trading Date Momentum on May 31, 2024
| On June 03 2024 Erasca Inc was traded for 2.58 at the closing time. The top price for the day was 2.70 and the lowest listed price was 2.43 . The trading volume for the day was 1.7 M. The trading history from June 3, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 2.38% . The overall trading delta against the current closing price is 6.75% . |
Erasca Inc Fundamentals Correlations and Trends
By evaluating Erasca's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Erasca's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erasca financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Erasca Stock history
Erasca investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Erasca is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erasca Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Erasca stock prices may prove useful in developing a viable investing in Erasca
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 150.2 M | 138.4 M | |
| Net Loss | -218.5 M | -207.6 M |
Erasca Quarterly Net Working Capital |
|
Erasca Stock Technical Analysis
Erasca technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Erasca Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Erasca Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Erasca November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Erasca stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erasca shares will generate the highest return on investment. By undertsting and applying Erasca stock market strength indicators, traders can identify Erasca Inc entry and exit signals to maximize returns
Erasca Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Erasca's price direction in advance. Along with the technical and fundamental analysis of Erasca Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erasca to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0384 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.