The stock of Asana Inc. (NYSE:ASAN) increased by $0.1 on Tuesday to finish at $21.29, up 0.47 percent. The last five days have seen an average of 1,762,120 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $7.52. The average number of shares traded over the last 20 days was 1,894,920, while the average volume over the last 50 days totaled 2,157,294.
ASAN stock dropped -12.31% since last month. On 08/18/23, the company’s shares reached a one-month low of $19.29. The stock touched a high of $28.92 on 06/16/23, after rallying from a low of $11.32 in 52 weeks. The price of ASAN stock has risen by 54.61% or $7.52 this year, reaching a new high 12 times. Still, the stock price is down -26.38% from the 52-week high.
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Insider Transactions
ASAN stock investors should be aware that Asana Inc. (ASAN) stock had its last reported insider trading activity 2 days ago on Aug 28. On Aug 28, President, CEO, & Chair Moskovitz Dustin A. acquired 80,000 shares at $21.80 each. This transaction resulted in the insider spending $1,744,000. On Aug 25, Moskovitz Dustin A. added 80,000 shares at a price of US$21.27. After the transaction, the insider now owns 42,122,802 shares. President, CEO, & Chair Moskovitz Dustin A. had earlier bought 80,000 shares on Aug 23 for $21.85 a share. The transaction was completed for $1,748,000.
Valuation Metrics
Beta for the stock is 1.25. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.72, the price-to-book (PB) ratio of 13.22.
Financial Health
For the three months ended April 29, Asana Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.13, and the total debt to equity ratio is 0.13. As far as profitability goes, gross margin for the trailing twelve months is 89.90% percent. Asana Inc.’s EBITDA margin for the year ended April 29 was -67.67%, whereas its operating margin stood at -65.10% for the same period. Based on annual data, it had gross profit of $490.65 million and revenue of $547.21 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASAN’s return on assets (ROA) during the last 12 months has been -41.90%. There was a -102.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -124.30%.
Earnings Surprise
According to Asana Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $152.41 million, while revenues rose by 20.84% to $150.23 million. It was predicted that Asana Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.18. EBITDA was -$57.06 million for the quarter. At the end of Asana Inc.’s most recent quarter ended April 29, its liabilities totaled 636.2 million, while its total debt was $289.85 million. Equity owned by shareholders amounts to $216.84 million.
Technical Picture
Here’s a quick look at Asana Inc.’s (ASAN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 49.36%, suggesting the stock is Neutral, with a 51.78% historical volatility rate.
The stochastic %K and %D were 62.37% and 63.00% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 60.26%, the RSI (14) reading is 48.31%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 0.35.
Analyst Ratings
Asana Inc. (NYSE: ASAN) was downgraded by DA Davidson to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Asana Inc. (ASAN) an Hold rating. ASAN is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is ASAN’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $32.00, with a median target price of $24.00. In analyzing these forecasts, the average price target given by analysts for Asana Inc. (ASAN) is $23.69.
