Erasca Inc Stock Performance
| ERAS Stock | USD 2.91 0.11 3.93% |
The firm shows a Beta (market volatility) of 2.05, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Erasca will likely underperform. At this point, Erasca Inc has a negative expected return of -0.0363%. Please make sure to confirm Erasca's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Erasca Inc performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Erasca Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Erasca is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Actual Historical Performance (%)
One Day Return 3.93 | Five Day Return 6.59 | Year To Date Return 34.1 | Ten Year Return (83.30) | All Time Return (83.30) |
1 | Erasca Sets New 52-Week High at 3.38 - MarketBeat | 07/26/2024 |
2 | Painful week for retail investors invested in Erasca, Inc. after 6.1 percent drop, institutions also suffered losses | 08/02/2024 |
3 | Acquisition by Casdin Alexander W. of 41084 shares of Erasca at 2.13 subject to Rule 16b-3 | 08/08/2024 |
4 | Erasca GAAP EPS of -0.29 | 08/13/2024 |
5 | Q3 2024 EPS Estimates for Erasca, Inc. Cut by Capital One Financial - Defense World | 08/15/2024 |
6 | Erasca to Present at Upcoming Investor Conferences in September | 08/29/2024 |
7 | Acquisition by Casdin Alexander W. of 60000 shares of Erasca at 2.66 subject to Rule 16b-3 | 09/06/2024 |
8 | Erasca Insiders Enjoying US2.5m Appreciation On US3.97m Investment | 09/10/2024 |
9 | Acquisition by Garner Ebun of 480000 shares of Erasca at 1.7 subject to Rule 16b-3 | 09/26/2024 |
10 | We Think Erasca Can Afford To Drive Business Growth | 10/15/2024 |
| Begin Period Cash Flow | 284.2 M |
Erasca |
Erasca Relative Risk vs. Return Landscape
If you would invest 314.00 in Erasca Inc on July 21, 2024 and sell it today you would lose (23.00) from holding Erasca Inc or give up 7.32% of portfolio value over 90 days. Erasca Inc is currently does not generate positive expected returns and assumes 4.0353% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of stocks are less volatile than Erasca, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Erasca Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erasca's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Erasca Inc, and traders can use it to determine the average amount a Erasca's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.009
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| Negative Returns | ERAS |
Estimated Market Risk
| 4.04 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.04 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.
Erasca Fundamentals Growth
Erasca Stock prices reflect investors' perceptions of the future prospects and financial health of Erasca, and Erasca fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Erasca Stock performance.
| Return On Equity | -0.39 | ||||
| Return On Asset | -0.19 | ||||
| Current Valuation | 436.57 M | ||||
| Shares Outstanding | 282.5 M | ||||
| Price To Book | 1.75 X | ||||
| EBITDA | (137.79 M) | ||||
| Net Income | (125.04 M) | ||||
| Cash And Equivalents | 371.48 M | ||||
| Cash Per Share | 3.04 X | ||||
| Total Debt | 55.86 M | ||||
| Debt To Equity | 0.07 % | ||||
| Current Ratio | 17.09 X | ||||
| Book Value Per Share | 1.65 X | ||||
| Cash Flow From Operations | (101.22 M) | ||||
| Earnings Per Share | (0.93) X | ||||
| Market Capitalization | 791.01 M | ||||
| Total Asset | 395.3 M | ||||
| Retained Earnings | (606.01 M) | ||||
| Working Capital | 294.52 M | ||||
About Erasca Performance
Assessing Erasca's fundamental ratios provides investors with valuable insights into Erasca's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Erasca is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.32) | (0.33) | |
| Return On Capital Employed | (0.38) | (0.40) | |
| Return On Assets | (0.32) | (0.33) | |
| Return On Equity | (0.39) | (0.38) |
Things to note about Erasca Inc performance evaluation
Checking the ongoing alerts about Erasca for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Erasca Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Erasca Inc generated a negative expected return over the last 90 days | |
| Erasca Inc has high historical volatility and very poor performance | |
| Net Loss for the year was (125.04 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Erasca Inc currently holds about 371.48 M in cash with (101.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Erasca Inc has a poor financial position based on the latest SEC disclosures | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: We Think Erasca Can Afford To Drive Business Growth |
- Analyzing Erasca's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Erasca's stock is overvalued or undervalued compared to its peers.
- Examining Erasca's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Erasca's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Erasca's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Erasca's stock. These opinions can provide insight into Erasca's potential for growth and whether the stock is currently undervalued or overvalued.
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.