Asana Inc. (NYSE:ASAN) finished Wednesday with an addition of $4.68 to close at $114.83, an upside of 4.25 percent. An average of 2,340,540 shares of common stock have been traded in the last five days. There was a gain of $6.64 in the past week. The last 20 days have seen an average of 3,456,100 shares traded, while the 50-day average volume stands at 2,564,434.
ASAN stock has increased by 7.82% in the last month. The company shares reached their 1-month lowest point of $98.06 on 10/01/21. With the stock rallying to its 52-week high on 09/23/21, shares of the company touched a low of $20.57 and a high of $124.85 in 52 weeks. In spite of this, the price is down -8.03% from the 52-week high.
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13 days have passed since Asana Inc. (ASAN) last reported insider trading activity. LACEY ELEANOR B, who is GC, Corporate Secretary, most recently acquired $17,480 shares at $100.41 per share on Oct 01. In this transaction, the insider spent $1,755,134. Chief Financial Officer, Wan Tim M, disposed of 20,000 shares at a price of $117.69 on Sep 21. The insider now owns more than $2,353,798 worth of shares. Prior to that, GC, Corporate Secretary LACEY ELEANOR B went on to Sale 17,480 shares at $76.71 each on Sep 01. An amount of $1,340,835 was transacted.
Asana Inc. (ASAN) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 74.31, the price-to-book (PB) ratio at 70.02.
The quick ratio of Asana Inc. for the three months ended July 30 was 2.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.14 for the quarter ending July 30. Asana Inc.’s EBITDA margin for the year ending July 30 is -68.59%, while its operating margin for the same period stands at -75.90%. Its gross profit as reported stood at $198.26 million compared to revenue of $227.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Asana Inc.’s return on assets was -36.50%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended July 30, Asana Inc. had $103.27 million in cash. The analyst consensus anticipated Asana Inc.’s latest quarter earnings to come in at -$0.26 per share, but it turned out to be -$0.23, a 11.50% surprise. For the quarter, EBITDA amounted to -$52.27 million. Shareholders own equity worth $183.9 million.
From a technical analysis perspective, let’s take a brief look at Asana Inc. (ASAN) price momentum. RSI 9-day as of the close on 13 October was 64.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.81%.
As of today, ASAN’s price is $109.04 +6.14% or $6.64 from its 5-day moving average. ASAN is currently trading +5.04% higher than its 20-day SMA and +231.59% higher than its 100-day SMA. However, the stock’s current price level is +58.76% above the SMA50 and +298.58% above the SMA200.
The stochastic %K and %D were 46.17% and 37.52%, respectively, and the average true range (ATR) was 6.42. With the 14-day stochastic at 64.13% and the average true range at 6.35, the RSI (14) stands at 62.33%. The stock has reached 3.82 on the 9-day MACD Oscillator while the 14-day reading was at 3.04.
Oppenheimer reiterated its an Outperform rating on Asana Inc. (NYSE: ASAN), but raised their price target to $77, indicating a potential price decrease of -32.94% for the stock.The consensus rating for Asana Inc. (ASAN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASAN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is ASAN’s price target for the next 12 months?
Analysts predict a range of price targets between $71.00 and $115.00, with a median target of $87.00. Taking a look at these predictions, the average price target given by analysts for Asana Inc. (ASAN) stock is $93.00.