Erasca Shares Gap Down Heres Why

ERAS Stock  USD 2.96  0.02  0.67%   
Slightly above 61% of Erasca's investor base is looking to short. The analysis of the overall investor sentiment regarding Erasca Inc suggests that many traders are alarmed. Erasca's investing sentiment can be driven by a variety of factors including economic data, Erasca's earnings reports, geopolitical events, and overall market trends.
  
Erasca, Inc. s share price gapped down prior to trading on Monday . The stock had previously closed at 2.86, but opened at 2.80. Erasca shares last traded at 2.83, with a volume of 212,990 shares changing hands. Analyst Ratings Changes A number of research analysts recently issued reports on ERAS

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Erasca Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Erasca can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Erasca Fundamental Analysis

We analyze Erasca's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Erasca using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Erasca based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Number Of Employees

Number Of Employees Comparative Analysis

Erasca is currently under evaluation in number of employees category among its peers. Number of Employees shows the total number of permanent full time and part time employees working for a given company and processed through its payroll.

Erasca Inc Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Erasca stock to make a market-neutral strategy. Peer analysis of Erasca could also be used in its relative valuation, which is a method of valuing Erasca by comparing valuation metrics with similar companies.

Peers

Erasca Related Equities

CCCCC4 Therapeutics   2.86   
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36.0%
BDTXBlack Diamond   2.09   
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26.0%
DSGNDesign Therapeutics   1.69   
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21.0%
CGEMCullinan Oncology   1.18   
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KROSKeros Therapeutics   1.24   
15.0%
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MLYSMineralys Therapeutics,   1.43   
18.0%
0%
ARVNArvinas   1.95   
25.0%
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PLRXPliant Therapeutics   2.22   
28.0%
0%
EWTXEdgewise Therapeutics   2.58   
33.0%
0%
STOKStoke Therapeutics   3.63   
46.0%
0%
IPSCCentury Therapeutics   4.08   
52.0%
0%
RLAYRelay Therapeutics   5.74   
73.0%
0%
SANASana Biotechnology   6.42   
82.0%
0%
ZNTLZentalis Pharmaceuticals   7.20   
92.0%
0%
GLUEMonte Rosa   7.45   
95.0%
0%
OLMAOlema Pharmaceuticals   7.78   
100.0%
0%

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.