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Healthcare - Biotechnology - NASDAQ - US
$ 2.67
-4.98 %
$ 755 M
Market Cap
-2.87
P/E
1. INTRINSIC VALUE

Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.[ Read More ]

The intrinsic value of one ERAS stock under the base case scenario is HIDDEN Compared to the current market price of 2.67 USD, Erasca, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ERAS

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FINANCIALS
0 REVENUE
0.00%
-142 M OPERATING INCOME
42.81%
-125 M NET INCOME
48.50%
-101 M OPERATING CASH FLOW
1.98%
-91.2 M INVESTING CASH FLOW
-28.33%
1.3 M FINANCING CASH FLOW
-98.68%
0 REVENUE
0.00%
-37.2 M OPERATING INCOME
17.76%
-31.2 M NET INCOME
50.63%
-22.4 M OPERATING CASH FLOW
23.18%
-103 M INVESTING CASH FLOW
-18.46%
21.1 M FINANCING CASH FLOW
-90.04%
Balance Sheet Decomposition Erasca, Inc.
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Current Assets 321 M
Cash & Short-Term Investments 312 M
Receivables 0
Other Current Assets 8.33 M
Non-Current Assets 74.6 M
Long-Term Investments 10 M
PP&E 60.2 M
Other Non-Current Assets 4.38 M
Current Liabilities 26.2 M
Accounts Payable 2 M
Short-Term Debt 7.94 M
Other Current Liabilities 16.2 M
Non-Current Liabilities 52.5 M
Long-Term Debt 104 M
Other Non-Current Liabilities -51.3 M
EFFICIENCY
Earnings Waterfall Erasca, Inc.
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Revenue 0
Cost Of Revenue 3.73 M
Gross Profit -3.73 M
Operating Expenses 142 M
Operating Income -142 M
Other Expenses -16.5 M
Net Income -125 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-39.48% ROE
-39.48%
-31.63% ROA
-31.63%
-37.99% ROIC
-37.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Erasca, Inc.
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Net Income -125 M
Depreciation & Amortization 3.73 M
Capital Expenditures -1.78 M
Stock-Based Compensation 26.2 M
Change in Working Capital 813 K
Others -5.25 M
Free Cash Flow -103 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Erasca, Inc.
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Wall Street analysts predict an average 1-year price target for ERAS of $7 , with forecasts ranging from a low of $7 to a high of $7 .
ERAS Lowest Price Target Wall Street Target
7 USD 162.17%
ERAS Average Price Target Wall Street Target
7 USD 162.17%
ERAS Highest Price Target Wall Street Target
7 USD 162.17%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Erasca, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
182 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.76 M USD 3
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
May 21, 2024
Bought 182 K USD
Casdin Alexander W.
Director
+ 80000
2.274 USD
11 months ago
Dec 06, 2023
Bought 18.5 K USD
Start Valerie Denise Harding
Director
+ 10000
1.848 USD
11 months ago
Dec 05, 2023
Bought 1.22 M USD
Lim Jonathan E
Chairman & CEO
+ 721850
1.687 USD
11 months ago
Dec 06, 2023
Bought 478 K USD
Lim Jonathan E
Chairman & CEO
+ 278150
1.72 USD
11 months ago
Dec 04, 2023
Bought 49.8 K USD
Casdin Alexander W.
Director
+ 30000
1.6595 USD
1 year ago
Oct 05, 2023
Bought 2.03 M USD
Lim Jonathan E
Chairman & CEO
+ 1000000
2.026 USD
1 year ago
Jun 08, 2023
Bought 275 K USD
Lim Jonathan E
Chairman & CEO
+ 100000
2.75 USD
1 year ago
Apr 10, 2023
Bought 55.2 K USD
Casdin Alexander W.
Director
+ 20000
2.7615 USD
1 year ago
Mar 28, 2023
Bought 284 K USD
Lim Jonathan E
Chairman & CEO
+ 100000
2.84 USD
1 year ago
Jan 10, 2023
Bought 231 K USD
Lim Jonathan E
Chairman & CEO
+ 60000
3.857 USD
1 year ago
Dec 21, 2022
Bought 46.4 K USD
Start Valerie Denise Harding
Director
+ 10000
4.64 USD
1 year ago
Dec 21, 2022
Bought 82.8 K USD
Bristol James Arthur
Director
+ 20000
4.14 USD
1 year ago
Dec 13, 2022
Bought 2 M USD
Chen Bihua
Director
+ 307692
6.5 USD
1 year ago
Dec 13, 2022
Bought 2 M USD
Chen Bihua
Director
+ 307692
6.5 USD
1 year ago
Dec 15, 2022
Bought 97.5 K USD
Casdin Alexander W.
Director
+ 20000
4.8745 USD
1 year ago
Dec 14, 2022
Bought 200 K USD
Lim Jonathan E
Chairman & CEO
+ 40000
4.99 USD
3 years ago
Aug 10, 2021
Bought 4.42 M USD
Chen Bihua
Director
+ 200000
22.1 USD
3 years ago
Jul 26, 2021
Sell 3.75 M USD
Chen Bihua
Director
- 200000
18.765 USD
3 years ago
Jul 20, 2021
Bought 15.2 M USD
Chen Bihua
Director
+ 950000
16 USD
3 years ago
Jul 20, 2021
Bought 14.4 K USD
Garner Ebun
General Counsel
+ 900
16 USD
3 years ago
Jul 20, 2021
Bought 32 K USD
Start Valerie Denise Harding
Director
+ 2000
16 USD
3 years ago
Jul 20, 2021
Bought 99.2 K USD
Multani Pratik S
Director
+ 6200
16 USD
3 years ago
Jul 20, 2021
Bought 96 K USD
Hambleton Julie
Director
+ 6000
16 USD
7. News
Erasca (ERAS) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now After losing some value lately, a hammer chart pattern has been formed for Erasca (ERAS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term. zacks.com - 1 day ago
Erasca Reports Third Quarter 2024 Business Updates and Financial Results Positive preliminary Phase 1b data in SEACRAFT-1 NRASm melanoma cohort bolsters conviction in ongoing SEACRAFT-2 registrational trial; Stage 1 randomized data expected in 2025 globenewswire.com - 4 days ago
Erasca to Present at Upcoming Investor Conferences SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced that management will participate in the following investor conferences and will also participate in one-on-one investor meetings. globenewswire.com - 1 week ago
Erasca Reports Second Quarter 2024 Business Updates and Financial Results In-licensed potential best-in-class pan-RAS molecular glue ERAS-0015 and potential first-in-class pan-KRAS inhibitor ERAS-4001 with a goal of expanding treatment options across RAS-driven tumors globenewswire.com - 3 months ago
Should You Buy Erasca, Inc. (ERAS) After Golden Cross? After reaching an important support level, Erasca, Inc. (ERAS) could be a good stock pick from a technical perspective. ERAS recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. zacks.com - 5 months ago
Erasca to Present at Upcoming Investor Conferences in June SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced that Jonathan E. Lim, M.D., chairman, CEO, and co-founder, and David M. Chacko, M.D., chief financial officer and chief business officer, will participate in the following investor conferences in June 2024, and will also participate in one-on-one investor meetings. globenewswire.com - 5 months ago
Erasca Announces Closing of Underwritten Offering of Common Stock and Full Exercise of the Underwriters' Option to Purchase Additional Shares SAN DIEGO, May 21, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced the closing of an oversubscribed underwritten offering of 99,459,458 shares of its common stock, at a price of $1.85 per share, which includes the exercise in full by the underwriters of their option to purchase 12,972,972 additional shares. All of the shares in the offering were sold by Erasca. The gross proceeds to Erasca from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, were approximately $184.0 million. globenewswire.com - 5 months ago
Week In Review: Takeda Options Alzheimer's Therapy From AC Immune In $2.2 Billion Deal SolStock Deals and Financings Japan’s Takeda (TAK, OTCPK:TKPHF; TSE: 4502) acquired global rights to an Alzheimer’s therapy developed by AC Immune SA (ACIU) of Switzerland for $100 million upfront and up to $2.1 billion in milestone payments (see story). With the $100 million, Takeda owns an option to license AC Immune’s active immunotherapies that target toxic forms of amyloid beta (Abeta), including ACI-24.060. ACI-24.060 is an anti-Abeta active immunotherapy candidate aimed at reducing the toxic forms of Abeta believed to drive plaque formation and Alzheimer’s disease progression. Currently, ACI-24.060 is being tested in a double-blind, placebo-controlled Phase Ib/II trial in subjects with mild Alzheimer’s disease and in adults with Down's syndrome. San Diego’s Erasca (ERAS) acquired rights for two China-developed pre-clinical RAS candidates in two separate agreements, while it is sidelining two of its own candidates and temporarily discontinuing development on a third candidate. Erasca will also raise $160 million from investors. The company acquired ex-China rights to a pan-RAS molecular glue (ERAS-0015) from Joyo Pharmatech of Guangzhou in a $189 million deal and global rights to a pan-KRAS inhibitor (ERAS-4001) from Sichuan Medshine Discovery in a $170 million agreement. Shenzhen Beimei Pharma acquired greater China rights for Twyneo, a therapy for acne vulgaris, from Israel’s Sol-Gel (SLGL) for $15 million. Sol-Gel will be eligible to receive up to $10 million in upfront and regulator milestones. The remaining $5 million is potential royalty payments. Twyneo is the only fixed-dose combination of tretinoin and benzoyl peroxide cream available in the US; it is approved to treat acne vulgaris in adults and pediatric patients. Beimei markets products for pediatrics patients with a portfolio of more than 40 drugs approved or in the pipeline. Trials and Approvals Shanghai’s Zai Lab (ZLAB; HK: 9688) reported China’s NMPA approved Augtyro (repotrectinib) as a treatment for adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer (NSCLC) (see story). The approval is based on an open-label, single-arm, Phase I/II trial that evaluated repotrectinib in TKI-naïve and TKI-pretreated patients with ROS1-positive NSCLC. In 2020, Zai Lab acquired China rights to the drug from Turning Point Therapeutics of San Diego for $25 million upfront and up to $151 million in milestones, plus royalties. Turning Point is now a division of Bristol-Myers Squibb (BMY). Shanghai Everest Medicines (HK: 1952) launched Nefecon, a treatment for IgA nephropathy (IgAN), in China by filling the first prescription. IgAN, a rare disease that accounts for 35-50% of glomerular disease cases in China, can cause end-stage renal disease that is treated by kidney replacement or dialysis. Nefecon is a targeted-release formulation of budesonide, a second-generation synthetic corticosteroid. In 2019, Everest acquired greater China rights to the drug from Calliditas Therapeutics (CALT, OTCPK:CLTEF) of Sweden in a $121 million agreement. Nefecon is already approved in the US and EU. Suzhou Ractigen Therapeutics reported that a China IND was approved for RAG-17 as a therapy for Amyotrophic Lateral Sclerosis (ALS). RAG-17 is a therapeutic siRNA designed to suppress the SOD1 gene in ALS patients with pathogenic mutations. Of the more than 50 genes associated with ALS, SOD1 gene mutations account for approximately 20% of the cases. Using Ractigen's proprietary SCAD delivery platform, RAG-17 combines siRNA with an accessory oligonucleotide to improve efficacy in central nervous system tissues. In preclinical studies, RAG-17 showed the ability to improve motor function and prolong survival. Beijing InnoCare Pharma (OTCPK:INCPF; HK: 09969; SHA: 688428) has completed the enrollment process in a China Phase II trial of ICP-488, a potential psoriasis therapy (see story). ICP-488 is a TYK2 (tyrosine kinase 2) JH2 allosteric inhibitor. The trial enrolled 129 patients who were randomized to one of three treatment groups in a 1:1:1 ratio: a 6mg once-daily group, a 9mg once-daily group, and a placebo group, for 12 consecutive weeks of treatment. By binding the JH2 domain, ICP-488 blocks the signal transduction of IL-23, IL-12, type 1 IFN and other inflammatory cytokines. Shanghai Mabwell (SHA: 688062) reported positive data from a China trial of its novel Nectin-4-targeting ADC for triple-negative breast cancer. In 20 patients with advanced or metastatic disease, 50% reported an objective response and 80% experienced disease control. One patient had a complete response that has continued for 20 months so far. Mabwell says a China IND for the drug, 9MW2821, has also been accepted in combination with an immune checkpoint inhibitor. According to the company, 9MW2821 is the first the Nectin-4-targeting ADC developed by a Chinese company to start clinical trials. Nanjing IASO Bio announced that Science Immunology, a sub-journal of Science, published a single-cell analysis of its anti-BCMA CAR T cell therapy in patients with neuromyelitis optica spectrum disorder (NMOSD). NMOSD is an autoimmune disease that usually occurs in the optic nerve and spinal cord, though it can affect the brain. The disease, which occurs in flare-ups that can cause muscle weakness or blindness, is sometimes misdiagnosed as multiple myeloma. Last year, IASO and its partner, Innovent (OTCPK:IVBIY, OTCPK:IVBXF), were approved in China to launch Equecabtagene Autoleucel, an anti-BCMA CAR T drug, as a fourth-line therapy for multiple myeloma. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. https://seekingalpha.com - 5 months ago
Erasca Announces Strategic In-Licensing of RAS-Targeting Franchise Pan-RAS molecular glue ERAS-0015 and pan-KRAS inhibitor ERAS-4001 are potent, oral inhibitors with potential best-in-class profiles in RASm solid tumors globenewswire.com - 6 months ago
Erasca Announces Pricing of Underwritten Offering of Common Stock SAN DIEGO, May 16, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced the pricing of an underwritten offering of 86,486,486 shares of its common stock at a price of $1.85 per share. All of the shares to be sold in the offering are to be sold by Erasca. The gross proceeds to Erasca from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $160 million. In addition, Erasca has granted the underwriters a 30-day option to purchase up to an additional 12,972,972 shares of common stock at the offering price. The offering is expected to close on May 21, 2024, subject to the satisfaction of customary closing conditions. globenewswire.com - 6 months ago
Erasca Reports First Quarter 2024 Business Updates and Financial Results Median OS of 13-14 months for naporafenib plus trametinib in pooled analysis of patients with NRASm melanoma Strengthened balance sheet with private placement financing from high-quality new and existing healthcare-focused investors Pro forma cash, cash equivalents, and marketable securities of $334 million is expected to fund operations into H2 2026 SAN DIEGO, May 08, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today provided business updates and reported financial results for the fiscal quarter ended March 31, 2024. “We started 2024 strong with compelling survival data from a pooled analysis of mature data for naporafenib plus trametinib in patients with NRAS-mutant (NRASm) melanoma, which showed a near doubling of median overall survival (mOS) versus comparable historical controls,” said Jonathan E. globenewswire.com - 6 months ago
Erasca to Present at the Bank of America Health Care Conference SAN DIEGO, May 07, 2024 (GLOBE NEWSWIRE) -- Erasca, Inc. (Nasdaq: ERAS), a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers, today announced its participation in the Bank of America Health Care Conference being held at the Encore Hotel in Las Vegas, Nevada. Management will present on Wednesday, May 15, 2024 at 4:20 pm Pacific Time and will also participate in one-on-one investor meetings. globenewswire.com - 6 months ago
8. Profile Summary

Erasca, Inc. ERAS

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 755 M
Dividend Yield 0.00%
Description Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.
Contact 10835 Road to the Cure, San Diego, CA, 92121 https://www.erasca.com
IPO Date July 16, 2021
Employees 126
Officers Dr. Nik Chetwyn Ph.D. Chief Operating Officer Mr. Brian L. Baker CPA, M.S. Senior Vice President of Finance Dr. David M. Chacko M.D. Chief Financial Officer & Chief Business Officer Mr. Ebun S. Garner Esq., J.D. General Counsel & Corporate Secretary Dr. Michael D. Varney Ph.D. Chairman of Research & Development, Scientific Advisory Board Member and Director Dr. Jonathan E. Lim M.D. Co-Founder, Chairman & Chief Executive Officer Dr. Lisa Tesvich-Bonora Ph.D. Chief People Officer Ms. Chandra D. Lovejoy M.S. Chief Regulatory Affairs Officer Dr. Robert Shoemaker Ph.D. Senior Vice President of Research Dr. Shannon R. Morris M.D., Ph.D. Chief Medical Officer