As of Friday close, Asana Inc.’s (NYSE:ASAN) stock was up $0.04, moving up 0.23 percent to $17.13. The average number of shares traded per day over the past five days has been 3,206,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.12 fall in that time frame. In the last twenty days, the average volume was 3,075,320, while in the previous 50 days, it was 2,407,412.
Since last month, ASAN stock retreated -22.73%. Shares of the company fell to $16.85 on 09/21/23, the lowest level in the past month. A 52-week high of $27.14 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 24.40% or $3.36, and marked a new high 12 times. However, the stock has declined by -36.88% 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 2 days ago on Sep 21. LACEY ELEANOR B, the GC, Corporate Secretary of the company, disposed of 1,144 shares for $17.04 on Sep 21. It resulted in a $19,494 divestment by the insider. Raimondi Anne sold 39,701 shares at an average price of $17.54 on Sep 20. The insider now owns 519,681 shares following the transaction. On Sep 20, Chief Financial Officer Wan Tim M sold 14,232 shares at $17.54 apiece. The transaction was valued at $249,686.
Valuation Metrics
The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 6.35, the price-to-book (PB) ratio of 11.20.
Financial Health
In the three months ended July 31, 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 July 31 was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 90.00% percent. In the year ended July 31, EBITDA margin amounted to -67.67%, whereas operating margins totaled -55.90%. 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 -91.70%.
In Asana Inc.’s quarter-end financial report for July 31, it reported total debt of $45.47 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 16.84% to $152.41 million during the quarter, while net income inched up to $162.22 million. While analysts expected Asana Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 63.60%. During the quarter, the company generated -$64.33 million in EBITDA. The liabilities of Asana Inc. were 622.15 million at the end of its most recent quarter ended July 31, and its total debt was $284.99 million. The value of shareholders’ equity is $219.68 million.
Technical Picture
This quick technical analysis looks at Asana Inc.’s (ASAN) price momentum. With a historical volatility rate of 16.19%, the RSI 9-day stood at 22.97% on 22 September.
With respect to its five-day moving average, the current Asana Inc. price is down by -6.14% percent or -$1.12. At present, ASAN shares trade -18.12% below its 20-day simple moving average and +6.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately -27.93% below its SMA50 and +18.96% above its SMA200.
Stochastic coefficient K was 3.50% and Stochastic coefficient D was 4.51%, while ATR was 0.84. Given the Stochastic reading of 5.67% for the 14-day period, the RSI (14) reading has been calculated as 29.51%. As of today, the MACD Oscillator reading stands at -0.89, while the 14-day reading stands at -1.63.
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.Asana Inc. (ASAN) has been rated Hold by analysts. According to 2 brokerage firms, ASAN is a sell, and 9 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 $24.00, 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 $23.08.
