In today’s recent session, 1,888,141 shares of the Verastem, Inc.(NASDAQ:VSTM) have been traded, and its beta is 1.19. Most recently the company’s share price was $2.67, and it changed around -$0.13 or -0.05% from the last close, which brings the market valuation of the company to $451.6 Million. VSTM at last check was trading at a discount to its 52-week high of $4.67, offering almost -74.91% off that amount. The share price’s 52-week low was $1.08, which indicates that the recent value has risen by an impressive 59.55% since then. We note from Verastem, Inc.’s average daily trading volume that its 10-day average is 5.05 Million shares, with the 3-month average coming to 4.06 Million.
Verastem, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended VSTM as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Verastem, Inc. is expected to report earnings per share of -$0.08 for the current quarter.
Verastem, Inc. (NASDAQ:VSTM): Trading Information Today
Although VSTM has been showing red trend so far today with a performance of -4.64% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.04- on Wednesday, Feb 17 increased the stock’s daily price by 12.5%. The company’s shares are currently up 0.25% year-to-date, but still up 0.1224 over the last five days. On the other hand, Verastem, Inc. (NASDAQ:VSTM) is 0.21% up in the 30-day period. We can see from the shorts that 5.64 Million shares have been sold at a short interest cover period of 1.39 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bears needing to increase their stock price by 49.81% from its current value. Analyst projections state that VSTM is forecast to be at a low of $3 and a high of $5. In order for the stock price to hit the forecast high, the stock would need to surge +87.27% from its current level, while the stock would need to crash 12.36% from its current level to reach the projected low.
Verastem, Inc. (VSTM) projections and forecasts
Verastem, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +97.18 percent over the past six months and at a 78.5% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +84.3% in revenue this quarter, and will report an increase of 74.3% in the next quarter. The year-over-year growth rate is expected to be 404.2%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.7%. Verastem, Inc. earnings are expected to decrease by -79.4% in 2021, but the outlook is positive 1.74% per year for the next five years.
Verastem, Inc. (NASDAQ:VSTM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 6.99% of Verastem, Inc. shares, and 45.13% of them are in the hands of institutional investors. The stock currently has a share float of 48.52%. Verastem, Inc. stock is held by 160 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 7.95% of the shares, which is about 13.49 Million shares worth $28.74 Million.
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