Versartis, Inc. stock performance trend indicates that the stock price has rallied 20.13% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 55.92% . Looking at the past 52 week period, the stock price is up at 174.43% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Versartis, Inc. has a positive value of 57.84 compared to overall market.Versartis, Inc. is having a Relative Strength Index of 52.02 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Versartis, Inc. (NASDAQ:VSAR) has tumbled 3.54% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 16.82% in the last four weeks. The stocks have underperformed the S&P 500 by 3.76% during the past week but Versartis, Inc. (NASDAQ:VSAR) it has outperformed the index in 4 weeks by 15.49%.
For the current week, the company shares have a recommendation consensus of Buy. Versartis, Inc. (NASDAQ:VSAR) : On Friday heightened volatility was witnessed in Versartis, Inc. (NASDAQ:VSAR) which led to swings in the share price. The stock opened for trading at $18.3 and hit $19.2 on the upside , eventually ending the session at $19.1, with a gain of 3.52% or 0.65 points. The heightened volatility saw the trading volume jump to 1,342,911 shares. The 52-week high of the share price is $24 and the company has a market cap of $669 million. The 52-week low of the share price is at $6.32 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Versartis Inc was Initiated by Barclays on Mar 9, 2017 to Overweight, Price Target of the shares are set at $28.Versartis Inc was Upgraded by Credit Suisse to Outperform on Dec 20, 2016.
Company has reported several Insider transactions to the SEC, on Mar 15, 2017, Shahzad Malik (director) sold 166,330 shares at 19.13 per share price.On Mar 15, 2017, Shane Ward (SVP and General Counsel) sold 2,041 shares at 19.01 per share price.On Feb 28, 2017, Paul Westberg (SVP and Chief Business Officer) sold 12,500 shares at 22.50 per share price.
Versartis Inc Last issued its quarterly earnings results on Feb 21, 2017. The company reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $-0.85.Analysts expectations of $ 10.00.During the same quarter in the previous year, the company posted $-0.69 EPS.