How to Buy Erasca Stock
Erasca Inc
Erasca, Inc. , a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers.
Erasca stock last closed at $2.14, down 0.47% from the previous day, and has decreased 23.57% in one year. It has underperformed other stocks in the Biotechnology industry by 0.05 percentage points. Erasca stock is currently +41.72% from its 52-week low of $1.51, and -36.59% from its 52-week high of $3.38.
As of May 3, 2024, there are 151.49M ERAS shares outstanding. The market cap of ERAS is $324.20M. In the last 24 hours, 261,791 ERAS shares were traded.
How to Buy Erasca Stock
Not sure how to invest in Erasca stock? Here's how.
- Figure out where to buy Erasca stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Erasca stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your details.
- Evaluate Erasca stock: The Erasca ticker symbol is ERAS. Is Erasca stock a good investment? Should you buy shares of ERAS? How do ERAS's underlying business fundamentals look? Do top analysts think Erasca is a good buy? Why has ERAS's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if ERAS is a good stock to buy).
- Make your ERAS buy order: Decide if you will purchase ERAS shares at the current market price or use a limit order to buy ERAS shares at a specific price.
- Keep an eye on your ERAS investment: Create a watchlist to key updates about your investment in Erasca stock.
Step 1: Figure out where to buy Erasca stock
You will need an online brokerage account in order to access the NASDAQ market and buy ERAS stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can invest in ERAS stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on the best stock app, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Erasca stock
After you have figured out the best place to buy Erasca stock, it's very important to evaluate their stock prior to buying, so you actually wrap your head around the risk as well as the upside.
Erasca stock quick numbers
ERAS Due Diligence Checks
WallStreetZen was created to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ERAS's stock page.
How is ERAS stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ERAS's fair value.
Using relative valuations measures:
- ERAS may be undervalued based on its P/B ratio of 1.02x, relative to Biotechnology industry P/B ratio of 6.01x
You can do additional valuation analysis on ERAS's stock here.
ERAS Financial Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the ERAS balance sheet.
- There are more short-term assets than short-term liabilities on the ERAS balance sheet.
- ERAS has cash burn of 102992000. It has sufficient cash and short-term investments to cover this for at least one year.
- ERAS has a low debt to equity ratio of 0.25.
- ERAS has $312.76M in cash and short term investments. This is sufficient to cover its annual cash burn of $102.99M.
Do analysts think it's a good time to buy Erasca stock
Out of 5 Equities analysts who give ratings on ERAS, the consensus analyst rating on Erasca is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Erasca stock forecast page.
ERAS Technical Indicators
Latest Insiders Trades at ERAS
Over the past year, executives and large shareholders at ERAS have bought more shares than they have sold.
David M. Chacko, CFO and CBO of ERAS, was the latest ERAS insider to buy. They bought $11,882.54 worth of ERAS shares on Dec 15, 2023.
Research more about who owns ERAS shares here.
Can I get consistent income from ERAS stock?
No, Erasca doesn't provide an income stream by paying out dividends.
ERAS Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your ERAS buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, use a limit order.
Hit the Open button and your broker will execute the order.
If you need additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your ERAS investment
Now that you own some ERAS shares, you'll want to keep up with your new shares.
Create a watchlist to monitor your ERAS stock.
ERAS Feed
How to Buy Stock in Erasca
To summarize, here are the 6 steps you need to take to buy Erasca stock right now:
- Figure out where to buy Erasca stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate Erasca stock
- Make your ERAS buy order
- Keep an eye on your ERAS investment
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Erasca, hit the button below to create your watchlist.
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