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Riding the Trend or Protecting Profits | Asana Inc. (ASAN)

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Asana Inc. (NYSE:ASAN) went up by 6.98% from its latest closing price compared to the recent 1-year high of $145.79. The company’s stock price has collected -4.33% of loss in the last five trading sessions. Press Release reported on 01/10/22 that Asana to Present at Upcoming Investor Events

Is It Worth Investing in Asana Inc. (NYSE :ASAN) Right Now?

Opinions of the stock are interesting as 7 analysts out of 13 who provided ratings for Asana Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $88.92, which is $28.3 above the current price. ASAN currently public float of 75.71M and currently shorts hold a 13.06% ratio of that float. Today, the average trading volume of ASAN was 3.50M shares.

ASAN’s Market Performance

ASAN stocks went down by -4.33% for the week, with a monthly drop of -3.00% and a quarterly performance of -40.20%, while its annual performance rate touched 88.31%. The volatility ratio for the week stands at 10.60% while the volatility levels for the past 30 days are set at 9.73% for Asana Inc.. The simple moving average for the period of the last 20 days is -6.84% for ASAN stocks with a simple moving average of -12.10% for the last 200 days.

Analysts’ Opinion of ASAN

Many brokerage firms have already submitted their reports for ASAN stocks, with DA Davidson repeating the rating for ASAN by listing it as a “Neutral.” The predicted price for ASAN in the upcoming period, according to DA Davidson is $65 based on the research report published on January 05th of the current year 2022.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $103, previously predicting the price at $143. The rating they have provided for ASAN stocks is “Overweight” according to the report published on December 03rd, 2021.

JMP Securities gave a rating of “Mkt Outperform” to ASAN, setting the target price at $95 in the report published on December 03rd of the previous year.

ASAN Trading at -31.50% 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 -54.82% of loss for the given period.

Volatility was left at 9.73%, however, over the last 30 days, the volatility rate increased by 10.60%, as shares surge +2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.49% lower at present.

During the last 5 trading sessions, ASAN fell by -4.33%, which changed the moving average for the period of 200-days by +151.80% in comparison to the 20-day moving average, which settled at $70.79. In addition, Asana Inc. saw -11.64% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ASAN starting from Moskovitz Dustin A., who purchase 250,000 shares at the price of $57.88 back on Jan 10. After this action, Moskovitz Dustin A. now owns 12,089,676 shares of Asana Inc., valued at $14,471,118 using the latest closing price.

Moskovitz Dustin A., the President, CEO, & Chair of Asana Inc., purchase 500,000 shares at $62.04 during a trade that took place back on Jan 07, which means that Moskovitz Dustin A. is holding 11,839,676 shares at $31,018,860 based on the most recent closing price.

Stock Fundamentals for ASAN

Equity return is now at value -222.90, with -35.40 for asset returns.

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