During the last session, Verastem Inc (NASDAQ:VSTM)’s traded shares were 0.54 million, with the beta value of the company hitting 0.17. At the end of the trading day, the stock’s price was $2.97, reflecting an intraday loss of -0.34% or -$0.01. The 52-week high for the VSTM share is $14.22, that puts it down -378.79 from that peak though still a striking 29.29% gain since the share price plummeted to a 52-week low of $2.10. The company’s market capitalization is $119.51M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 580.64K shares over the past three months.
Verastem Inc (VSTM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. VSTM has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.74.
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Verastem Inc (NASDAQ:VSTM) trade information
Verastem Inc (VSTM) registered a -0.34% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.34% in intraday trading to $2.97, hitting a weekly high. The stock’s 5-day price performance is 3.48%, and it has moved by 7.22% in 30 days. Based on these gigs, the overall price performance for the year is -63.87%. The short interest in Verastem Inc (NASDAQ:VSTM) is 2.35 million shares and it means that shorts have 4.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 57.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $13 respectively. As a result, VSTM is trading at a discount of -337.71% off the target high and -68.35% off the low.
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 down -73.72% during the last six months, with a year-to-date growth rate less than the industry average at 15.15% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1.30% this quarter and then jump 33.30% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40k as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 90k by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 24.76%. While earnings are projected to return 22.00% in 2024, the next five years will return 1.74% per annum.
VSTM Dividends
Verastem Inc is due to release its next quarterly earnings on 2024-Nov-06. 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 0.92% of total outstanding shares while institutional holders control 39.80%, with the float percentage being 40.17%.
