Verastem, Inc. (NASDAQ:VSTM) has a beta value of 0.99 and has seen 1,256,871 shares traded in the recent trading session. The company, currently valued at $505.56 Million, closed the recent trade at $2.94 per share which meant it lost -$0.18 on the day or -5.67% during that session. The VSTM stock price is -58.84% off its 52-week high price of $4.67 and 63.27% above the 52-week low of $1.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.09 Million shares traded. The 3-month trading volume is 3.04 Million shares.
The consensus among analysts is that Verastem, Inc. (VSTM) is a Buy stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.
Verastem, Inc. (NASDAQ:VSTM) trade information
Despite being -5.67% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the VSTM stock price touched $3.20-7 or saw a rise of 7.97%. Year-to-date, Verastem, Inc. shares have moved 38.26%, while the 5-day performance has seen it change -2.16%. Over the past 30 days, the shares of Verastem, Inc. (NASDAQ:VSTM) have changed 11.55%. Short interest in the company has seen 5.84 Million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 53.06% from the levels at last check today. The projected low price target is $3 while the price target rests at a high of $6. In that case, then, we find that the latest price level in today’s session is +104.08% off the targeted high while a plunge would see the stock lose 2.04% from the levels at last check today.
Verastem, Inc. (VSTM) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +22.8% over the past 5 years. Earnings growth for 2021 is a modest +77.9% while over the next 5 years, the company’s earnings are expected to increase by 1.74%.
Verastem, Inc. (NASDAQ:VSTM)’s Major holders
Insiders own 2.45% of the company shares, while shares held by institutions stand at 50.98% with a share float percentage of 52.26%. Investors are also buoyed by the number of investors in a company, with Verastem, Inc. having a total of 171 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 13.49 Million shares worth more than $28.74 Million. As of December 30, 2020, Blackrock Inc. held 7.86% of shares outstanding.
The other major institutional holder is BVF Inc., with the holding of over 11.18 Million shares as of December 30, 2020. The firm’s total holdings are worth over $23.82 Million and represent 6.51% of shares outstanding.
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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 3.27% shares in the company for having 5613997 shares of worth $11.96 Million while later fund manager owns 4.31 Million shares of worth $10.63 Million as of March 30, 2021, which makes it owner of about 2.51% of company’s outstanding stock.