During the last session, Verastem Inc. (NASDAQ:VSTM)’s traded shares were 1.13 million, with the beta value of the company hitting 0.75. At the end of the trading day, the stock’s price was $0.45, reflecting an intraday gain of 1.08% or $0.01. The 52-week high for the VSTM share is $1.47, that puts it down -226.67 from that peak though still a striking 35.56% gain since the share price plummeted to a 52-week low of $0.29. The company’s market capitalization is $84.98M, and the average intraday trading volume over the past 10 days was 0.82 million shares, and the average trade volume was 636.35K shares over the past three months.
Verastem Inc. (NASDAQ:VSTM) trade information
Verastem Inc. (VSTM) registered a 1.08% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.08% in intraday trading to $0.45 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 5.36%, and it has moved by 19.76% in 30 days. Based on these gigs, the overall price performance for the year is -64.18%. The short interest in Verastem Inc. (NASDAQ:VSTM) is 0.98 million shares and it means that shorts have 1.77 day(s) to cover.
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Verastem Inc. (VSTM) estimates and forecasts
Statistics show that Verastem Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Verastem Inc. (VSTM) shares have gone up 17.13% during the last six months, with a year-to-date growth rate less than the industry average at 10.53% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 16.70% this quarter and then drop -11.10% in the quarter after that.
Revenue for the current quarter is expected to be $20k as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $20k by the end of Sep 2023.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.40%. While earnings are projected to return 6.60% in 2023, the next five years will return 1.74% per annum.
Verastem Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Verastem Inc. (NASDAQ:VSTM)’s Major holders
Verastem Inc. insiders own 0.87% of total outstanding shares while institutional holders control 53.48%, with the float percentage being 53.95%. Baker Brothers Advisors, LLC is the largest shareholder of the company, while 111 institutions own stock in it. As of Mar 30, 2023, the company held over 25.52 million shares (or 12.71% of all shares), a total value of $10.6 million in shares.
The next largest institutional holding, with 19.02 million shares, is of BVF Inc.’s that is approximately 9.47% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $7.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Verastem Inc. (VSTM) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.68 million shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $2.29 million market value. The same data shows that the other fund manager holds slightly less at 2.51 million, or about 1.25% of the stock, which is worth about $1.01 million.