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Stock impact report

Erasca (ERAS) Valuation Check After S&P Biotechnology Select Industry Index Inclusion [Yahoo! Finance]

Erasca, Inc. (ERAS) 
Company Research Source: Yahoo! Finance
See our latest analysis for Erasca. The index news lands on top of an already strong run, with the share price up 18.69 percent over the last month and an 89.50 percent 3 month share price return signaling building momentum, even though the 3 year total shareholder return remains negative. If this kind of rerating story appeals to you, it could be worth scanning other discovery phase names across healthcare stocks for fresh ideas beyond Erasca. With shares still trading at roughly half of consensus target despite the recent surge, is Erasca an overlooked rerating story with more room to run, or are investors already baking in years of future pipeline success? Erasca trades at a price-to-book ratio of 2.8 times, which positions the stock almost in line with its closest peer group on this metric. The price-to-book multiple compares the company's market value to its net assets and is often used for early stage or unprofitable biotechs where earnings are not yet meaningful. For Show less Read more
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