In the last trading session, 1.17 million shares of the Verastem Inc (NASDAQ:VSTM) were traded, and its beta was 0.17. Most recently the company’s share price was $3.60, and it changed around $0.21 or 6.19% from the last close, which brings the market valuation of the company to $144.86M. VSTM currently trades at a discount to its 52-week high of $14.22, offering almost -295.0% off that amount. The share price’s 52-week low was $2.10, which indicates that the current value has risen by an impressive 41.67% since then. We note from Verastem Inc’s average daily trading volume that its 10-day average is 1.59 million shares, with the 3-month average coming to 698.42K.
Verastem Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended VSTM as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Verastem Inc is expected to report earnings per share of -0.74 for the current quarter.
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Verastem Inc (NASDAQ:VSTM) trade information
Instantly VSTM has showed a green trend with a performance of 6.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.76 on recent trading dayincreased the stock’s daily price by 4.26%. The company’s shares are currently down -55.77% year-to-date, but still up 5.26% over the last five days. On the other hand, Verastem Inc (NASDAQ:VSTM) is 20.40% up in the 30-day period. We can see from the shorts that 2.44 million shares have been sold at a short interest cover period of 4.05 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 48.57% from its current value. Analyst projections state that VSTM is forecast to be at a low of $5 and a high of $13.
Verastem Inc (VSTM) estimates and forecasts
Verastem Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -63.93 percent over the past six months and at a 15.15% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1.30% in revenue this quarter, and will report an increase of 33.30% in the next quarter.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 40k in revenue for the current quarter. 9 analysts expect Verastem Inc to make 90k in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 24.76%. Verastem Inc earnings are expected to increase by 19.22% in 2024, but the outlook is positive 1.74% per year for the next five years.
VSTM Dividends
Verastem Inc’s next quarterly earnings report is expected to be released in November.
Verastem Inc (NASDAQ:VSTM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.92% of Verastem Inc shares, and 39.73% of them are in the hands of institutional investors. The stock currently has a share float of 40.10%.
