Verastem Inc [NASDAQ: VSTM] slipped around -0.67 points on Thursday, while shares priced at $2.66 at the close of the session, down -20.12%.
Compared to the average trading volume of 584.32K shares, VSTM reached a trading volume of 4375982 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Verastem Inc [VSTM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VSTM shares is $11.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VSTM stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for Verastem Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 30, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on November 21, 2023, representing the official price target for Verastem Inc stock. Previously, the target price had yet another raise to $21, while B. Riley Securities analysts kept a Buy rating on VSTM stock. On June 15, 2023, analysts increased their price target for VSTM shares from 24 to 36.
The Average True Range (ATR) for Verastem Inc is set at 0.22, with the Price to Sales ratio for VSTM stock in the period of the last 12 months amounting to 10.70. The Price to Book ratio for the last quarter was 3.79, with the Price to Cash per share for the same quarter was set at 2.07.
How has VSTM stock performed recently?
Verastem Inc [VSTM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.74. With this latest performance, VSTM shares dropped by -1.85% in over the last four-week period, additionally sinking by -74.00% over the last 6 months – not to mention a drop of -66.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VSTM stock in for the last two-week period is set at 44.28, with the RSI for the last a single of trading hit 39.92, and the three-weeks RSI is set at 45.74 for Verastem Inc [VSTM]. The present Moving Average for the last 50 days of trading for this stock 2.66, while it was recorded at 3.02 for the last single week of trading, and 7.14 for the last 200 days.
Verastem Inc [VSTM]: Deeper insight into the fundamentals
Verastem Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.28 and a Current Ratio set at 3.28.
Earnings analysis for Verastem Inc [VSTM]
With the latest financial reports released by the company, Verastem Inc posted -0.75/share EPS, while the average EPS was predicted by analysts to be reported at -0.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VSTM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verastem Inc go to 1.74%.
Insider trade positions for Verastem Inc [VSTM]
There are presently around $39.81%, or 40.18%% of VSTM stock, in the hands of institutional investors.
