Verastem Inc (NASDAQ: VSTM) stock closed at $4.12 on 5/24/24 after a major decline of -66.2%. Moreover, exceptionally high trading volume at 3716% of normal accompanied the decline. The stock has declined -66.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
VSTM’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Verastem has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Verastem has a very low Appreciation Score of 6 but a good Power Rating of 73, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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