In yesterday’s Wall Street session, Verastem Inc (NASDAQ:VSTM) shares traded at $6.49, up 25.53% from the previous session.
VSTM stock price is now 51.79% away from the 50-day moving average and 24.18% away from the 200-day moving average. The market capitalization of the company currently stands at $288.85M.
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With the price target enhanced from $13 to $20, BTIG Research maintained Buy rating for Verastem Inc (NASDAQ: VSTM). On September 30, 2024, Guggenheim recently initiated its ‘Buy’ rating on the stock quoting a target price of $13, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Calkins Daniel, Chief Financial Officer sold 65 shares of the company’s stock on Dec 20 ’24. The stock was sold for $282 at an average price of $4.34. Upon completion of the transaction, the Chief Financial Officer now directly owns 47,396 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 24 ’24, Chief Financial Officer Calkins Daniel sold 28 shares of the business’s stock. A total of $109 was realized by selling the stock at an average price of $3.91. This leaves the insider owning 47,368 shares of the company worth $0.31 million. A total of 10.94% of the company’s stock is owned by insiders.
During the past 12 months, Verastem Inc has had a low of $2.10 and a high of $14.22. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 3.23, and a quick ratio of 3.23. The fifty day moving average price for VSTM is $4.2172 and a two-hundred day moving average price translates $5.247 for the stock.
The latest earnings results from Verastem Inc (NASDAQ: VSTM) was released for 2024-09-30. The net profit margin was -934.54% and return on equity was -136.87% for VSTM.
