Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Verastem Inc (NASDAQ: VSTM) weakened in recent days. VSTM’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Verastem Inc (NASDAQ: VSTM) stock declined slightly by -0.8% on 12/15/23. The stock closed at $7.61. Moreover, trading volume in this decline was unusually high at 187% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
VSTM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Verastem has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Verastem has a very low Appreciation Score of 3 but a good Power Rating of 82, producing the Negative Value Trend Rating.
Be the first to comment