Asana Inc. (NYSE:ASAN) went up by 2.04% from its latest closing price compared to the recent 1-year high of $71.00. The company’s stock price has collected 3.84% of gains in the last five trading sessions. Press Release reported 15 hours ago that Future of Work Here Today: Asana Launches App for Zoom to Reimagine Meetings
Is It Worth Investing in Asana Inc. (NYSE :ASAN) Right Now?
Opinions of the stock are interesting as 8 analysts out of 11 who provided ratings for Asana Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $51.91, which is -$21.39 below the current price. ASAN currently public float of 80.19M and currently shorts hold a 7.45% ratio of that float. Today, the average trading volume of ASAN was 2.11M shares.
ASAN’s Market Performance
ASAN stocks went up by 3.84% for the week, with a monthly jump of 16.99% and a quarterly performance of 119.01%. The volatility ratio for the week stands at 6.21% while the volatility levels for the past 30 days are set at 5.93% for Asana Inc.. The simple moving average for the period of the last 20 days is 7.86% for ASAN stocks with a simple moving average of 98.69% for the last 200 days.
Analysts’ Opinion of ASAN
Many brokerage firms have already submitted their reports for ASAN stocks, with KeyBanc Capital Markets repeating the rating for ASAN by listing it as a “Overweight.” The predicted price for ASAN in the upcoming period, according to KeyBanc Capital Markets is $40 based on the research report published on May 21st of the current year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $40. The rating they have provided for ASAN stocks is “Outperform” according to the report published on April 23rd, 2021.
Robert W. Baird gave a rating of “Outperform” to ASAN, setting the target price at $40 in the report published on March 05th of the current year.
ASAN Trading at 41.98% 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 unable to rebound, for now settling with -1.85% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 6.21%, as shares surge +24.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +143.84% upper at present.
During the last 5 trading sessions, ASAN rose by +3.84%, which changed the moving average for the period of 200-days by +168.97% in comparison to the 20-day moving average, which settled at $65.30. In addition, Asana Inc. saw 135.84% 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 Moskovitz Dustin A., who purchase 160,000 shares at the price of $63.34 back on Jun 30. After this action, Moskovitz Dustin A. now owns 3,950,000 shares of Asana Inc., valued at $10,133,660 using the latest closing price.
Moskovitz Dustin A., the President, CEO, & Chair of Asana Inc., purchase 160,000 shares at $63.79 during a trade that took place back on Jun 29, which means that Moskovitz Dustin A. is holding 3,790,000 shares at $10,205,660 based on the most recent closing price.
Stock Fundamentals for ASAN
Current profitability levels for the company are sitting at:
- -77.34 for the present operating margin
- +87.34 for the gross margin
The net margin for Asana Inc. stands at -93.26. The total capital return value is set at -38.86, while invested capital returns managed to touch -47.92. Equity return is now at value 462.60, with -33.50 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 26.04, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 10.12 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.69.