At the last check on Friday, Asana Inc.’s (NYSE:ASAN) stock was up $0.5, moving up 2.50 percent to $20.33. The average number of shares traded per day over the past five days has been 1,654,333 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.75 fall in that time frame. In the last twenty days, the average volume was 1,846,823, while in the previous 50 days, it was 2,304,869.
Since last month, ASAN stock retreated -8.61%. Shares of the company fell to $19.36 on 08/18/23, the lowest level in the past month. A 52-week high of $28.92 was reached on 06/16/23 after having rallying from a 52-week low of $11.32. Since the beginning of this year, ASAN’s stock price has risen by 47.60% or $6.48, and marked a new high 12 times. However, the stock has declined by -29.72% 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 8 days ago on Aug 10. Moskovitz Dustin A., the President, CEO, & Chair of the company, purchased of 80,000 shares for $21.98 on Aug 10. It resulted in a $1,758,400 investment by the insider. Moskovitz Dustin A. added 80,000 shares at an average price of $21.49 on Aug 09. The insider now owns 41,112,803 shares following the transaction. On Aug 08, President, CEO, & Chair Moskovitz Dustin A. bought 80,000 shares at $21.27 apiece. The transaction was valued at $1,701,600.
Valuation Metrics
The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 7.68, the price-to-book (PB) ratio of 12.62.
Financial Health
In the three months ended April 29, Asana Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, 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 April 29 was 0.13, and the total debt-to-equity ratio was 0.13. On the profitability front, the trailing twelve-month gross margin is 89.90% percent. In the year ended April 29, EBITDA margin amounted to -67.67%, whereas operating margins totaled -65.10%. Based on annual data, ASAN earned $490.65 million in gross profit and brought in $547.21 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 -102.30%. Return on equity (ROE) for the past 12 months was -124.30%.
In Asana Inc.’s quarter-end financial report for April 29, it reported total debt of $46.08 million against cash and short-term investments of $141.32 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 20.84% to $150.23 million during the quarter, while net income inched up to $152.41 million. While analysts expected Asana Inc. to report -$0.18 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated -$57.06 million in EBITDA. The liabilities of Asana Inc. were 636.2 million at the end of its most recent quarter ended April 29, and its total debt was $289.85 million. The value of shareholders’ equity is $216.84 million.
Technical Picture
This quick technical analysis looks at Asana Inc.’s (ASAN) price momentum. With a historical volatility rate of 40.77%, the RSI 9-day stood at 36.65% on 17 August.
With respect to its five-day moving average, the current Asana Inc. price is down by -3.57% percent or -$0.75. At present, ASAN shares trade -6.25% below its 20-day simple moving average and +1.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.83% below its SMA50 and -1.70% below its SMA200.
Stochastic coefficient K was 6.69% and Stochastic coefficient D was 5.73%, while ATR was 1.06. Given the Stochastic reading of 17.10% for the 14-day period, the RSI (14) reading has been calculated as 39.82%. As of today, the MACD Oscillator reading stands at -0.78, while the 14-day reading stands at -1.41.
Analyst Ratings
Asana Inc. downgraded its rating on Asana Inc. (NYSE: ASAN) to a Neutral in a note to investors on June 02, 2023. The analysts firm previously had a Buy rating on the stock.
