Verastem Inc. (NASDAQ:VSTM) has a beta value of 0.66 and has seen 0.82 million shares traded in the recent trading session. The company, currently valued at $121.71M, closed the recent trade at $0.61 per share which meant 0.34% during that session. The VSTM stock price is -249.18% off its 52-week high price of $2.13 and 52.46% above the 52-week low of $0.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.02 million shares traded. The 3-month trading volume is 1.15 million shares.
The consensus among analysts is that Verastem Inc. (VSTM) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.
Verastem Inc. (NASDAQ:VSTM) trade information
Sporting 0.34% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the VSTM stock price touched $0.61 or saw a rise of 3.17%. Year-to-date, Verastem Inc. shares have moved 51.58%, while the 5-day performance has seen it change 3.60%. Over the past 30 days, the shares of Verastem Inc. (NASDAQ:VSTM) have changed 64.89%. Short interest in the company has seen 2.73 million shares shorted with days to cover at 1.55.
Wall Street analysts have a consensus price target for the stock at $4.08, which means that the shares’ value could jump 85.05% from the levels at last check today. The projected low price target is $3.00 while the price target rests at a high of $5.50. In that case, then, we find that the latest price level in today’s session is -801.64% off the targeted high while a plunge would see the stock gain -391.8% from the levels at last check today.
Verastem Inc. (VSTM) estimates and forecasts
Figures show that Verastem Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -45.53% over the past 6 months, with this year growth rate of 4.88%, compared to 4.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 7.70% and -11.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 153.30%.
6 have an estimated revenue figure of $2.5 million for the next quarter concluding in Dec 2022.
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 16.20% over the past 5 years. Earnings growth for 2023 is a modest 7.60% while over the next 5 years, the company’s earnings are expected to increase by 1.74%.
Verastem Inc. is expected to release its next earnings report between March 27 and March 31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Verastem Inc. (NASDAQ:VSTM)’s Major holders
Insiders own 0.95% of the company shares, while shares held by institutions stand at 60.15% with a share float percentage of 60.73%. Investors are also buoyed by the number of investors in a company, with Verastem Inc. having a total of 159 institutions that hold shares in the company. The top two institutional holders are Baker Brothers Advisors, LLC with over 26.99 million shares worth more than $31.31 million. As of Jun 29, 2022, Baker Brothers Advisors, LLC held 14.37% of shares outstanding.
The other major institutional holder is BVF Inc., with the holding of over 19.97 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $23.17 million and represent 10.64% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund. As of Jun 29, 2022, the former fund manager holds about 2.77% shares in the company for having 5.2 million shares of worth $6.04 million while later fund manager owns 3.08 million shares of worth $2.61 million as of Sep 29, 2022, which makes it owner of about 1.64% of company’s outstanding stock.