Investor’s Delight: Verastem Inc (VSTM) Closes Strong at 4.00, Up 1.78

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The closing price of Verastem Inc (NASDAQ: VSTM) was $4.00 for the day, up 1.78% from the previous closing price of $3.93. In other words, the price has increased by $1.78 from its previous closing price. On the day, 0.69 million shares were traded. VSTM stock price reached its highest trading level at $4.145 during the session, while it also had its lowest trading level at $3.805.

Ratios:

Our analysis of VSTM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.23 and its Current Ratio is at 3.23. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 0.95.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on September 30, 2024, initiated with a Buy rating and assigned the stock a target price of $13.

On September 27, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $21.B. Riley Securities initiated its Buy rating on September 27, 2023, with a $21 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 05 ’24 when Paterson Dan sold 812 shares for $3.84 per share. The transaction valued at 3,118 led to the insider holds 231,576 shares of the business.

Calkins Daniel sold 6 shares of VSTM for $17 on Oct 07 ’24. The Chief Financial Officer now owns 47,461 shares after completing the transaction at $2.86 per share. On Sep 20 ’24, another insider, Calkins Daniel, who serves as the Chief Financial Officer of the company, sold 65 shares for $2.80 each. As a result, the insider received 182 and left with 47,495 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VSTM now has a Market Capitalization of 178026000 and an Enterprise Value of 127440104. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.12 while its Price-to-Book (P/B) ratio in mrq is 14.56. Its current Enterprise Value per Revenue stands at 12.744 whereas that against EBITDA is -1.113.

Stock Price History:

Over the past 52 weeks, VSTM has reached a high of $14.22, while it has fallen to a 52-week low of $2.10. The 50-Day Moving Average of the stock is 20.31%, while the 200-Day Moving Average is calculated to be -35.28%.

Shares Statistics:

VSTM traded an average of 817.10K shares per day over the past three months and 1016430 shares per day over the past ten days. A total of 44.51M shares are outstanding, with a floating share count of 39.12M. Insiders hold about 12.10% of the company’s shares, while institutions hold 49.90% stake in the company. Shares short for VSTM as of 1730332800 were 2462203 with a Short Ratio of 3.01, compared to 1727654400 on 2349070. Therefore, it implies a Short% of Shares Outstanding of 2462203 and a Short% of Float of 6.140000000000001.

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