Shares of Verastem Inc. (NASDAQ:VSTM) traded today at $4.82, eclipsing its 52-week high. This new high was reached on below average trading volume as 2.1 million shares traded hands, while the average 30-day volume is approximately 3.3 million shares.
Verastem Inc is a part of the healthcare sector. It is a commercial-stage company focused on discovering and developing drugs to aid patients suffering from cancer. The company’s first commercial product, COPIKTRA (duvelisib) is indicated for the treatment of adult patients with relapsed or refractory chronic lymphocytic leukemia/small lymphocytic lymphoma after at least two prior therapies and relapsed or refractory follicular lymphoma after at least two prior systemic therapies. The company’s product pipeline candidate, defactinib, is a focal adhesion kinase inhibitor in development for the treatment of cancers where there are limited treatment options, including lung, ovarian, lymphoma, pancreatic, and other advanced cancers.
In the past 52 weeks, shares of Verastem Inc. have traded between a low of $1.08 and a high of $4.82 and is now at $4.80, which is 344% above that low price.
Potential upside of 80.0% exists for Verastem Inc., based on a current level of $4.80 and analysts’ average consensus price target of $8.64.
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