Economy

The Cantor Fitzgerald Upgrades Verastem, Inc. (VSTM) to "Overweight"

The Cantor Fitzgerald Upgrades Verastem, Inc. (VSTM) to

Short-term traders are predicted to see a rally of 51.06% over the course of a quarter and, with 90% chance the price will be floating in the range of $5.11 and $7.82 in this timeframe. However the company reported $-0.21 earnings per share for the same quarter during a year ago. Vanguard Group Inc. now owns 1,143,642 shares of the biopharmaceutical company's stock valued at $2,493,000 after purchasing an additional 107,029 shares during the last quarter. The share last price represents uptick move of 5.35% in value from company's 52-Week high price and shows 368.57% above change in value from its 52-Week low price. The trading saw a strength at $18.25, the 52-week high. (VSTM) has the trading volume of 20.79 Million shares with the average trading volume of 740950 shares. Renewed investor interest on the stock comes on the biopharmaceutical company saying that Duvelisib reduced the risk of disease progression or death by 48%, compared to standard care Arzerra.

Verastem, Inc. (NASDAQ:VSTM) appreciated by 28.13% at $4.92, after hitting low of $4.83 in an intra-day trade. During the last month, the stock has changed 16.08% and performed 30.51% over the last 6 months. Its weekly performance showed upward trend of 17.07 percent. Net profit margin of the company was recorded at 0 percent, operating profit margin was 0 percent, while gross profit margin stands at 0 percent.

According to Balance Sheet of VSTM, Total cash on most recent quarter is 57.92 Million.

In recent trading day Verastem, Inc.

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. The company has a 50-day moving average price of $3.54 and a 200 day moving average price of $2.45. Analysts predict that Verastem will post ($1.38) earnings per share for the current fiscal year.

EPS Estimate for the next Quarter is -0.32.

EPS Growth this year is 38.8 percent.

Annual Sales Growth in the past 5 years was 0 percent.

P/E of the company is not reported. The company's beta value is at 2.27. To measure price-variation, we found VSTM's volatility during a week at 11.28% and during a month it has been found around 8.69%.

In the trial, patients on duvelisib achieved a progression free survival rate of 13.3 months, substantially better than the 9.9 months for those in the ofatumumab arm.

Verastem, Inc. (VSTM) has a market capitalization of 182 Million which suggests the company is a huge company further suggesting that the shares of Verastem, Inc.

The company last reported its quarterly results on Aug 14 AMC.

Duvelisib, Verastem's lead drug candidate, is an oral inhibitor of phosphoinositide-3-kinase (PI3K)-delta and PI3K-gamma being investigated for the treatment of hematologic cancers, including chronic lymphocytic leukemia (CLL)/small lymphocytic lymphoma (SLL), indolent non-Hodgkin lymphoma (iNHL) and other T cell lymphomas. The third largest holder is Vanguard Group Inc, which now holds $4.39 million worth of this stock and that ownership represents almost 2.45% of its market capitalization.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The firm's institutional ownership remained 68.30% while insider ownership included 6.10%.



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