Asana Inc. (NYSE:ASAN) saw an upside of 0.43% to close Monday at $105.90 after adding $0.45 on the day. The 5-day average trading volume is 2,093,500 shares of the company’s common stock. It has gained $111.88 in the past week. An average of 3,438,945 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,472,746.
ASAN’s 1-month performance is 8.49% or $8.29 on its low of $98.06 reached on 10/01/21. The company’s shares have touched a 52-week low of $20.57 and high of $124.85, with the stock’s rally to the 52-week high happening on 09/23/21. YTD, ASAN has achieved 258.38% or $76.35. However, the current price is down -15.18%% from the 52-week high price.
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On Oct 01, 11 days have gone by since the last insider trading activity for Asana Inc. (ASAN). LACEY ELEANOR B (GC, Corporate Secretary) most recently sold 17,480 shares at $100.41 per share on Oct 01. This transaction cost the insider $1,755,134. Chief Financial Officer, Wan Tim M, sold 20,000 shares at a price of $117.69 on Sep 21. Then, on Sep 01, GC, Corporate Secretary LACEY ELEANOR B sold 17,480 shares at a price of $76.71 per share. This transaction amounted to $1,340,835.
Asana Inc. (ASAN) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector.ASAN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 68.53 while the price-to-book (PB) in the most recent quarter is 64.57.
Asana Inc.’s quick ratio for the period ended July 30 was 2.10, with the current ratio over the same period at 2.10 meaning that ASAN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.13, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 88.70%. The trailing 12-month EBITDA margin is -68.59% while for the period ending July 30; Asana Inc.’s operating margin was -75.90%. The firm’s gross profit as reported stood at $198.26 million against revenue of $227.0 million.
For the quarterly period ending July 30 this year, Asana Inc.’s cash and short-term investments amounted to $103.27 million against total debt of $250.16 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ASAN to announce -$0.26 per share in earnings in its latest quarter, but it posted -$0.23, representing a 11.50% surprise. EBITDA for the quarter stood at more than -$52.27 million. ASAN stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 456.24 million, with total debt at $250.16 million. Shareholders hold equity totaling $183.9 million
Let’s look briefly at Asana Inc. (ASAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 50.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.81%.
The stock’s 5-day moving average is $106.31, reflecting a +6.06% or $6.05 change from its current price. ASAN is currently trading +4.39% above its 20-day SMA, +229.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +49.03% and +252.88% respectively.
Stochastic %K and %D was 32.40% and 33.35% and the average true range (ATR) pointed at 6.47. The RSI (14) points at 53.86%, while the 14-day stochastic is at 29.26% with the period’s ATR at 6.37. The stock’s 9-day MACD Oscillator is pointing at 2.26 and -1.87 on the 14-day charts.
In the most recent analyst report for Asana Inc. (NYSE: ASAN), Oppenheimer reiterated its an Outperform rating for the company but lifted their price target by $77 to $85. Analysts offering their rating for ASAN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ASAN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is ASAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $71.00 and a high of $115.00, with their median price target at $87.00. Looking at these predictions, the average price target given by analysts is for Asana Inc. (ASAN) stock is $93.00.