You Should Know These Things About Asana Inc. (ASAN)

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As of Thursday close, Asana Inc.’s (NYSE:ASAN) stock was down -$0.95, moving down -6.76 percent to $13.10. The average number of shares traded per day over the past five days has been 3,154,500 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 3,124,920, while in the previous 50 days, it was 3,856,806.

Since last month, ASAN stock retreated -6.43%. Shares of the company fell to $11.32 on 01/06/23, the lowest level in the past month. A 52-week high of $74.89 was reached on 01/18/23 after having rallying from a 52-week low of $11.32. Since the beginning of this year, ASAN’s stock price has dropped by -4.87% or -$0.67, and marked a new high 4 times. However, the stock has declined by -82.51% since its 52-week high.

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ASAN stock investors should be aware that Asana Inc. (ASAN) stock had its last reported insider trading activity 30 days ago on Dec 21. LACEY ELEANOR B, the GC, Corporate Secretary of the company, disposed of 2,034 shares for $13.65 on Dec 21. It resulted in a $27,764 divestment by the insider. Wan Tim M sold 5,055 shares at an average price of $13.65 on Dec 21. The insider now owns 607,051 shares following the transaction. On Sep 22, GC, Corporate Secretary LACEY ELEANOR B sold 303 shares at $22.91 apiece. The transaction was valued at $6,942.

Financial Health

In the three months ended October 30, Asana Inc.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 0.08. On the profitability front, the trailing twelve-month gross margin is 89.60% percent. In the year ended October 30, operating margins totaled -77.80%. Based on annual data, ASAN earned $339.54 million in gross profit and brought in $378.44 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -112.60%. Return on equity (ROE) for the past 12 months was -190.20%.

In Asana Inc.’s quarter-end financial report for October 30, it reported total debt of $30.46 million against cash and short-term investments of $36.32 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ASAN’s revenue rose 29.06% to $134.9 million during the quarter, while net income inched up to $141.44 million. While analysts expected Asana Inc. to report -$0.32 quarterly earnings, the actual figure was -$0.26 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated -$93.96 million in EBITDA. The liabilities of Asana Inc. were 558.04 million at the end of its most recent quarter ended October 30, and its total debt was $258.02 million. The value of shareholders’ equity is $212.77 million.

Technical Picture

This quick technical analysis looks at Asana Inc.’s (ASAN) price momentum. With a historical volatility rate of 355.20%, the RSI 9-day stood at 43.32% on 19 January.

With respect to its five-day moving average, the current Asana Inc. price is down by -4.45% percent or -$0.61. At present, ASAN shares trade -6.43% below its 20-day simple moving average and -34.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.88% below its SMA50 and -67.25% below its SMA200.

Stochastic coefficient K was 71.57% and Stochastic coefficient D was 84.74%, while ATR was 1.07. Given the Stochastic reading of 47.59% for the 14-day period, the RSI (14) reading has been calculated as 43.08%. As of today, the MACD Oscillator reading stands at 0.43, while the 14-day reading stands at 0.48.

Analyst Ratings

Asana Inc. downgraded its rating on Asana Inc. (NYSE: ASAN) to a Neutral in a note to investors on December 02, 2022. The analysts firm previously had an Outperform rating on the stock.Asana Inc. (ASAN) has been rated Hold by analysts. According to 2 brokerage firms, ASAN is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Asana Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $18.00, the current consensus forecast for the stock is $10.00 – $30.00. Based on these forecasts, analysts predict Asana Inc. (ASAN) will achieve an average price target of $18.86.


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