Verastem Inc (NASDAQ:VSTM) price on Friday, November 15, fall -3.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.99.
A look at the stock’s price movement, the close in the last trading session was $4.13, moving within a range at $3.89 and $4.285. The beta value (5-Year monthly) was 0.136. Turning to its 52-week performance, $14.22 and $2.10 were the 52-week high and 52-week low respectively. Overall, VSTM moved 50.00% over the past month.
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Verastem Inc’s market cap currently stands at around $177.58 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VSTM is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend VSTM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VSTM’s current price about 5.99% and 24.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.41, while 7-day volatility ratio is 11.01% and 10.51% in the 30-day chart. Further, Verastem Inc (VSTM) has a beta value of 0.12, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $13. Looking at the price targets, the low is -25.31% off current price level while to achieve the yearly target high, price needs to move -225.81%. Nonetheless, investors will most likely welcome a -75.44% jump to $7 which is the analysts’ median price.
If we refocus on Verastem Inc (NASDAQ:VSTM), historical trading data shows that trading volumes averaged 1.1 over the past 10 days and 791.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 44.51 million shares.
The 8.79% of Verastem Inc’s shares are in the hands of company insiders while institutional holders own 49.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.46 million on 2024-10-31, giving us a short ratio of 2.31. The data shows that as of 2024-10-31 short interest in Verastem Inc (VSTM) stood at 614.0 of shares outstanding, with shares short rising to 2.35 million registered in 2024-09-30. Current price change has pushed the stock -50.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VSTM stock continues to rise going into the next quarter.
