Verastem Inc (NASDAQ: VSTM). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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, triggering the Negative Value Trend Rating.
Recent Price Action
Verastem Inc (NASDAQ: VSTM) stock declined by -2.4% on 5/28/24. The shares closed at $4.02. Moreover, exceptionally high trading volume at 647% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -65.0% during the last week.
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