Asana Inc. (NYSE:ASAN) went up by 9.04% from its latest closing price compared to the recent 1-year high of $32.80. The company’s stock price has collected 22.52% of gains in the last five trading sessions. Barron’s reported 15 hours ago that It’s Going Be a Tougher Year for Cloud Stocks. Here Are 10 You Can Buy.
Is It Worth Investing in Asana Inc. (NYSE :ASAN) Right Now?
Opinions of the stock are interesting as 6 analysts out of 11 who provided ratings for Asana Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $32.90, which is -$2.58 below the current price. ASAN currently public float of 77.94M and currently shorts hold a 2.66% ratio of that float. Today, the average trading volume of ASAN was 1.75M shares.
ASAN’s Market Performance
ASAN stocks went up by 22.52% for the week, with a monthly jump of 20.21% and a quarterly performance of 40.59%. The volatility ratio for the week stands at 6.44% while the volatility levels for the past 30 days are set at 5.08% for Asana Inc.. The simple moving average for the period of the last 20 days is 18.44% for ASAN stocks with a simple moving average of 34.75% for the last 200 days.
Analysts’ Opinion of ASAN
Many brokerage firms have already submitted their reports for ASAN stocks, with Piper Sandler repeating the rating for ASAN by listing it as a “Overweight.” The predicted price for ASAN in the upcoming period, according to Piper Sandler is $33 based on the research report published on December 02nd of the previous year 2020.
Berenberg, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $30. The rating they have provided for ASAN stocks is “Buy” according to the report published on November 10th, 2020.
RBC Capital Mkts gave a rating of “Outperform” to ASAN, setting the target price at $30 in the report published on October 26th of the previous year.
ASAN Trading at 32.35% from the 50-Day Moving Average
After a stumble in the market that brought ASAN to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 6.65% of gains for the given period.
Volatility was left at 5.08%, however, over the last 30 days, the volatility rate increased by 6.44%, as shares surge +23.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.91% upper at present.
During the last 5 trading sessions, ASAN rose by +22.52%, in comparison to the 20-day moving average, which settled at $29.86. In addition, Asana Inc. saw 18.38% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ASAN starting from SPURLOCK STEVEN M, who sale 7,887 shares at the price of $28.14 back on Dec 11. After this action, SPURLOCK STEVEN M now owns 70,826 shares of Asana Inc., valued at $221,945 using the latest closing price.
SPURLOCK STEVEN M, the 10% Owner of Asana Inc., sale 6,067 shares at $28.14 during a trade that took place back on Dec 11, which means that SPURLOCK STEVEN M is holding 215,339 shares at $170,729 based on the most recent closing price.
Stock Fundamentals for ASAN
Current profitability levels for the company are sitting at:
- -83.89 for the present operating margin
- +86.06 for the gross margin
The net margin for Asana Inc. stands at -83.16. The total capital return value is set at -59.84, while invested capital returns managed to touch -61.10.
Based on Asana Inc. (ASAN), the company’s capital structure generated 213.92 points at debt to equity in total, while total debt to capital is 68.14.
The receivables turnover for the company is 15.62 and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.77.