Is Verastem Inc (VSTM) Stock a Good Buy for Short-term Investors?

Verastem Inc [VSTM] stock prices are up 1.01% to $3.00 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VSTM shares have gain 4.90% over the last week, with a monthly amount glided 6.76%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Verastem Inc [NASDAQ: VSTM] stock has seen the most recent analyst activity on September 30, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $13. On September 27, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $21 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $36 on June 15, 2023. In a note dated April 14, 2022, RBC Capital Mkts initiated an Outperform rating and provided a target price of $5 on this stock.

The stock price of Verastem Inc [VSTM] has been fluctuating between $2.10 and $14.22 over the past year. Currently, Wall Street analysts expect the stock to reach $8.33 within the next 12 months. Verastem Inc [NASDAQ: VSTM] shares were valued at $3.00 at the most recent close of the market. An investor can expect a potential return of 177.67% based on the average VSTM price forecast.

Analyzing the VSTM fundamentals

Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -9.77%, Pretax Profit Margin comes in at -8.85%, and Net Profit Margin reading is -8.85%. To continue investigating profitability, this company’s Return on Assets is posted at -0.85, Equity is -1.33 and Total Capital is -1.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.96 points at the first support level, and at 2.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.04, and for the 2nd resistance point, it is at 3.08.

Ratios To Look Out For

It’s worth pointing out that Verastem Inc [NASDAQ:VSTM]’s Current Ratio is 3.28. Further, the Quick Ratio stands at 3.28, while the Cash Ratio is 2.75. Considering the valuation of this stock, the price to sales ratio is 12.07, the price to book ratio is 4.28.

Transactions by insiders

Recent insider trading involved Calkins Daniel, Chief Financial Officer, that happened on Oct 07 ’24 when 6.0 shares were sold. Chief Financial Officer, Calkins Daniel completed a deal on Sep 20 ’24 to sell 65.0 shares. Meanwhile, Chief Financial Officer Calkins Daniel sold 28.0 shares on Sep 24 ’24.

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