Asana Inc. (NYSE:ASAN) saw a downside of -0.68% to $21.87 after subtracting -$0.15 on Monday. The 5-day average trading volume is 1,566,859 shares of the company’s common stock. It has gained $24.57 in the past week and touched a new high 1 time within the past 5 days. An average of 2,000,950 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,621,142.
ASAN’s 1-month performance is 4.69% or $0.91 on its low of $20.45 reached on 07/10/23. The company’s shares have touched a 52-week low of $11.32 and high of $29.51, with the stock’s rally to the 52-week high happening on 06/16/23. YTD, ASAN has achieved 58.82% or $8.02 and has reached a new high 12 times. However, the current price is down -25.89% from the 52-week high price.
Insider Transactions
ASAN stock investors last saw insider trading activity on Jul 27.Wan Tim M (Chief Financial Officer) most recently sold 5,000 shares at $23.34 per share on Jul 20. This transaction cost the insider $116,700. Chief Financial Officer, Wan Tim M, sold 5,000 shares at a price of $24.12 on Jul 19. Then, on Jun 29, Chief Financial Officer Wan Tim M sold 5,000 shares at a price of $22.69 per share. This transaction amounted to $113,450.
Valuation Metrics
ASAN stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.21 while the price-to-book (PB) in the most recent quarter is 13.58.
Asana Inc.’s quick ratio for the period ended April 29 was 1.90, with the current ratio over the same period at 1.90. In terms of profitability, the gross margin trailing 12 months is 89.90%. The trailing 12-month EBITDA margin is -67.67% while for the period ending April 29, Asana Inc.’s operating margin was -65.10%. The firm’s gross profit as reported stood at $490.65 million against revenue of $547.21 million.
Earnings Surprise
For the quarterly period ending April 29 this year, Asana Inc.’s cash and short-term investments amounted to $141.32 million against total debt of $289.85 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -60.84% to -$61.47 million, while revenue of -$95.03 million was -54.6% off the previous quarter. Analysts expected ASAN to announce -$0.18 per share in earnings in its latest quarter, but it posted -$0.09, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$57.06 million. ASAN stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 636.2 million, with total debt at $289.85 million. Shareholders hold equity totaling $216.84 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 04 August was 41.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.05%.
The stock’s 5-day moving average is $22.58, reflecting a -10.23% or -$2.49 change from its current price. ASAN is currently trading +0.39% above its 20-day SMA, +4.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.13% and SMA200 by+5.90%.
Stochastic %K and %D was 17.10% and 29.96% and the average true range (ATR) pointed at 1.15. The RSI (14) points at 45.18%, while the 14-day stochastic is at 12.35% with the period’s ATR at 1.18. The stock’s 9-day MACD Oscillator is pointing at -0.83 and -0.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Asana Inc. (NYSE: ASAN), DA Davidson downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for ASAN stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate ASAN as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 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 $10.00 and a high of $32.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for Asana Inc. (ASAN) stock is $23.69.
