This Will Give More Ammunition To Verastem, Inc. (VSTM), Obsidian Energy Ltd. (OBE)

Verastem, Inc. (VSTM) sank -8.98% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -8.16% and is now down by -9.52% since start of this year. A look at its monthly performance shows that the stock has recorded a -24.94% fall over the past 30 days. Its equity price dipped by -48.03% over the past three months which led to its overall six-month decrease to stand at -64.94%.

Experts from research firms are bullish about the near-term performance of Verastem, Inc. with most of them predicting a $15.42 price target on a short-term (12 months) basis. The average price target by the analysts will see a 407.24% rise in the stock and would lead to VSTM’s market cap to surge to $1.13B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 6 analysts that track Verastem, Inc. (NASDAQ:VSTM) and find out that 0 of them rated it as a Hold. 6 of the 6 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at VSTM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 35.97 point. Its trading volume has lost -831325 shares compared to readings over the past three months as it recently exchanged 1438675 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2270000 shares, and this is 0.63 times the normal volume.

The price of Obsidian Energy Ltd. (NYSE:OBE) currently stands at $0.39 after it went up by $0.06 or 16.59% and has found a strong support at $0.35 a share. If the OBE price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $0.31 mark would also be bad for the stock as it means that the stock would plunge by 20.51% from its current position. However, if the stock price is able to trade above the resistance point around $0.41, then it could likely surge higher to try and break the upward resistance which stands at $0.44 a share. Its average daily volatility over the past one month stands at 7.49%. The stock has plunged by 14.23% from its 52-weeks high of $0.3345 which it reached on May. 22, 2018. In general, it is 15.38% above its 52-weeks lowest point which stands at $0.33 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Obsidian Energy Ltd. (OBE) for 1 year and it stands at an average $0.95/share. This means that it would likely increase by 143.59% from its current position. The current price of the stock has been moving between $0.3345 and $0.4. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $0.7. On the other hand, one analyst is super bullish about the price, setting a target as high as $1.5.

Analysts view Obsidian Energy Ltd. (NYSE:OBE) as a Hold, with 2.2 consensus rating. Reuters surveyed 12 analysts that follow OBE and found that 6 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Obsidian Energy Ltd. (OBE) shares or sell it if they already own it.