Verastem Inc (NASDAQ:VSTM) shares traded 2.54% up during most recent session to reach at the closing price of $6.86. The stock exchanged hands 1.91 Million shares versus average trading capacity of 2.84 Million shares, yielding a market cap of $495.36 Million. Wall Street analysts covering the stock are projecting that the stock will reach $15.79 within the next 52-weeks. The mean target projections are based on 7 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Verastem Inc (NASDAQ:VSTM) high price target of $18.5 and with a conservative view have low price target of $12.
BTIG Research “Initiates Coverage On” Verastem Inc (NASDAQ:VSTM) in a research note issued to investors on 7/13/18 to Buy with price target of $17.
Additionally on 5/02/18 Seaport Global “Initiates Coverage On” Verastem Inc (NASDAQ:VSTM) to Buy setting price target at $14 and on 9/06/17 Cantor Fitzgerald “Upgrades” the stock to Overweight at $. Furthermore on 4/13/17 Oppenheimer “Initiates Coverage On” the stock to Outperform at $6.
On the other hand the company has Relative Strength Index (RSI 14) of 38.94 along with Average True Range (ATR 14) of 0.57, Consequently Verastem Inc (NASDAQ:VSTM)’s weekly and monthly volatility is 5.95%, 7.94% respectively. The company’s beta value is at 3.03.
In terms of Buy, Sell or Hold recommendations, Verastem Inc (NASDAQ:VSTM) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Verastem Inc (NASDAQ:VSTM)’s minimum EPS for the current quarter is at $-0.51 and can go high up to $-0.39. The consensus mean EPS for the current quarter is at $-0.42 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.61 earnings per share for the same quarter during last year.
Previously Verastem Inc (NASDAQ:VSTM) reported $-0.3 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.34 by $0.04. The company posted an earnings surprise of 11.8%.
Currently Verastem Inc (NASDAQ:VSTM)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 44.3%. However the six-month change in the insider ownership was recorded 10.51%, as well as three-month change in the institutional ownership was recorded 0.54%.
Verastem Inc (NASDAQ:VSTM)’s trailing twelve month revenues are $10 Million, whereas its price to sales ratio for the same period is 49.54. Its book value per share for the most recent quarter is $2.07 while its price to book ratio for the same period is 3.31, as for as the company’s cash per share for the most recent quarter is $2.34, however its price to cash per share ratio for the same period is 2.94. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.