What was Erasca stock price on 12/10/2024 | ERAS - Macroaxis

Erasca Inc Stock Price on December 10, 2024

ERAS Stock  USD 2.54  0.09  3.67%   
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 2.54, as last reported on the 21st of December, with the highest price reaching 2.59 and the lowest price hitting 2.38 during the day. Erasca Inc secures Sharpe Ratio (or Efficiency) of -0.003, which denotes the company had a -0.003% return per unit of standard deviation over the last 3 months. Erasca Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erasca's Standard Deviation of 4.22, coefficient of variation of (2,594), and Mean Deviation of 3.38 to check the risk estimate we provide.
  
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.

Sharpe Ratio = -0.003

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Estimated Market Risk

 4.07
  actual daily
36
64% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  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
1.5391
Book Value
1.652
Enterprise Value
426.7 M
Enterprise Value Ebitda
(1.57)
Shares Float
215.9 M

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Erasca Valuation on December 10, 2024

It is possible to determine the worth of Erasca on a given historical date. On December 10, 2024 Erasca was worth 2.98 at the beginning of the trading date compared to the closed value of 2.96. 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
  3.00    3.12    2.94    2.98    884,515  
12/10/2024
  2.98    3.05    2.90    2.96    1,349,187  
  2.96    2.98    2.69    2.78    1,690,641  
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Open Value
2.98
2.96
Closing Value
15.20
Upside

Erasca Trading Date Momentum on December 10, 2024

On December 11 2024 Erasca Inc was traded for  2.78  at the closing time. The top price for the day was 2.98  and the lowest listed price was  2.69 . The trading volume for the day was 1.7 M. The trading history from December 11, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 6.08% . The overall trading delta against the current closing price is 17.91% .
JavaScript chart by amCharts 3.21.1512/10/2024DecDec 04Dec 06Dec 08Dec 10Dec 12Dec 14Dec 16Dec 18Dec 202.52.62.72.82.93.03.13.2

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 ReportedProjected for Next Year
Common Stock Shares Outstanding150.2 M138.4 M
Net Loss-218.5 M-207.6 M

Erasca Quarterly Net Working Capital

393.11 Million

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.
A focus of Erasca technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Erasca trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Erasca Period Price Range

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December 21, 2024
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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 December 21, 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.

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.