In the last trading session, 1.44 million Verastem Inc (NASDAQ:VSTM) shares changed hands as the company’s beta touched 0.16. With the company’s per share price at $2.99 changed hands at $0.3 or 11.15% during last session, the market valuation stood at $120.32M. VSTM’s last price was a discount, traded about -375.59% off its 52-week high of $14.22. The share price had its 52-week low at $2.10, which suggests the last value was 29.77% up since then. When we look at Verastem Inc’s average trading volume, we note the 10-day average is 0.68 million shares, with the 3-month average coming to 621.92K.
Analysts gave the Verastem Inc (VSTM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VSTM as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Verastem Inc’s EPS for the current quarter is expected to be -0.75.
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Verastem Inc (NASDAQ:VSTM) trade information
Instantly VSTM was in green as seen at the end of in last trading. With action 9.12%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -63.27%, with the 5-day performance at 9.12% in the green. However, in the 30-day time frame, Verastem Inc (NASDAQ:VSTM) is 21.54% up. Looking at the short shares, we see there were 2.06 million shares sold at short interest cover period of 4.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 57.29% from its current market value. According to analyst projections, VSTM’s forecast low is 5 with 13 as the target high. To hit the forecast high, the stock’s price needs a -334.78% plunge from its current level, while the stock would need to soar -67.22% for it to hit the projected low.
Verastem Inc (VSTM) estimates and forecasts
Data shows that the Verastem Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -74.51% over the past 6 months, a 15.15% in annual growth rate that is considerably lower than the industry average of 17.70%.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 50k. 8 analysts are of the opinion that Verastem Inc’s revenue for the current quarter will be 100k.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 24.76%. The 2024 estimates are for Verastem Inc earnings to increase by 22.00%, but the outlook for the next 5-year period is at 1.74% per year.
VSTM Dividends
Verastem Inc is expected to release its next quarterly earnings report on 2024-Nov-06.
Verastem Inc (NASDAQ:VSTM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.92% of Verastem Inc shares while 39.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.21%.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 797.15 shares estimated at $2.38 million under it, the former controlled 1.98% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.68% of the shares, roughly 677.85 shares worth around $2.03 million.
