Verastem Inc (NASDAQ:VSTM) shares, rose in value on Friday, November 01, with the stock price up by 4.26% to the previous day’s close as strong demand from buyers drove the stock to $3.92.
Actively observing the price movement in the last trading, the stock closed the session at $3.76, falling within a range of $3.77 and $4.0. The value of beta (5-year monthly) was 0.163. Referring to stock’s 52-week performance, its high was $14.22, and the low was $2.10. On the whole, VSTM has fluctuated by 41.52% over the past month.
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With the market capitalization of Verastem Inc currently standing at about $157.76 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 40k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VSTM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of VSTM currently trading nearly 20.69% and 35.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.51, while the 7-day volatility ratio is showing 9.32% which for the 30-day chart, stands at 9.29%. Furthermore, Verastem Inc (VSTM)’s beta value is 0.14, and its average true range (ATR) is 0.29.
A comparison of Verastem Inc (VSTM) with its peers suggests the former has fared considerably weaker in the market. VSTM showed an intraday change of 4.26% in last session, and over the past year, it shrunk by -37.88%%.
Data on historical trading for Verastem Inc (NASDAQ:VSTM) indicates that the trading volumes over the past 10 days have averaged 1.25 and over the past 3 months, they’ve averaged 705.70K. According to company’s latest data on outstanding shares, there are 40.24 million shares outstanding.
Nearly 8.79% of Verastem Inc’s shares belong to company insiders and institutional investors own 31.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.44 million shares as on 2024-10-15, resulting in a short ratio of 4.05. According to the data, the short interest in Verastem Inc (VSTM) stood at 609.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.06 million. The stock has fallen by -51.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VSTM stock heading into the next quarter.
