In the last trading session, 1.9 million Verastem Inc (NASDAQ:VSTM) shares changed hands as the company’s beta touched 0.11. With the company’s per share price at $4.46 changed hands at $0.51 or 12.91% during last session, the market valuation stood at $217.80M. VSTM’s last price was a discount, traded about -218.83% 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 52.91% up since then. When we look at Verastem Inc’s average trading volume, we note the 10-day average is 0.95 million shares, with the 3-month average coming to 730.25K.
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.
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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 14.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -45.21%, with the 5-day performance at 14.36% in the green. However, in the 30-day time frame, Verastem Inc (NASDAQ:VSTM) is 50.17% up. Looking at the short shares, we see there were 2.44 million shares sold at short interest cover period of 4.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 36.29% 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 -191.48% plunge from its current level, while the stock would need to soar -12.11% 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 -62.90% over the past 6 months, a 15.15% in annual growth rate that is considerably lower than the industry average of 16.80%.
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 21.94%, 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 in December.
Verastem Inc (NASDAQ:VSTM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.83% of Verastem Inc shares while 35.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.24%.
