Verastem Inc. (NASDAQ:VSTM) currently has a daily average trading volume of 636.35K but it saw 1128639 shares traded on Thursday. With a market cap of 84.98M USD, stock’s current market price of $0.45 came rising about 1.08 while comparing to the previous closing price of $0.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.47 and as low as $0.29. In the recent trading on the day, stock has struck highest price mark of $0.49 while lowest mark touched by it was $0.411.
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Taking a look at 20-day trading activity of Verastem Inc. (VSTM) gives us an average price of $0.4302, while its current price level is -69.54% below from 52-week high level whereas it is 54.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4157 while that of 200 days or SMA-200 reads an average of $0.5864. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.67% during that period while stretching the period over a month that decreases to 8.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.49 which implies that the stock is in neutral territory.
Verastem Inc. (VSTM)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $2.00 and $5.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $5.00. Average price target assigned by them is $3.50 which highlights an upside potential of 87.14% for the stock over that period. And to attain the median price target of $3.00 assigned by those analysts, stock has to add about 85.0% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, VSTM’s stock price is moving 5.36% up while it is 19.76% when we observe its performance for the past one month. Year-to-date it is 11.25% up and over the past year, the stock is showing a downside performance of -64.18%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.08 beat the consensus estimate of -$0.08 for the same. The company is expected to be releasing its next quarterly report in 08/08/2023, for which analysts forecasted an EPS of -$0.1 while estimate for next year EPS is -$0.35. For VSTM, analysts are forecasting an EPS-growth rate of 7.90% for current year and estimate for EPS growth in next year is 8.60%. In next quarter, company is expected to be making quarterly sales of $20k as analysts are expecting the sales for current fiscal year at $6.75 million and seeing the company making $18.05 million in sales next year. Moreover, analysts are in estimates of $20k for current-quarter revenue.
Currently, Verastem Inc.’s total number of outstanding shares is 200.68M with 0.87% of that held by the insiders while 53.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -101.00% and return on equity (ROE) at -147.20%. Stock’s beta reads 0.75. Stock has a price to book (P/B) ratio of 2.80. Its return on asset (ROA) is -67.90% on average.
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