Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum [2] Company Overview: Verastem (VSTM) - Verastem currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, VSTM shares increased by 7.58%, while the Zacks Medical - Biomedical and Genetics industry remained flat [6] - In the last quarter, VSTM shares rose by 50.16%, and over the past year, they gained 211.49%, significantly outperforming the S&P 500, which increased by 6.14% and 15.41% respectively [7] Trading Volume - VSTM's average 20-day trading volume is 1,758,705 shares, indicating a bullish sign as rising stocks with above-average volume are generally viewed positively [8] Earnings Outlook - In the past two months, one earnings estimate for VSTM has increased, while none have decreased, leading to a consensus estimate improvement from -$3.11 to -$2.44 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, VSTM is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a compelling option for investors seeking short-term gains [12]
Are You Looking for a Top Momentum Pick? Why Verastem (VSTM) is a Great Choice