Asana Inc. (NYSE: ASAN)’s stock price has plunge by -1.91relation to previous closing price of 20.93. Nevertheless, the company has seen a 2.80% surge in its stock price over the last five trading sessions. Barron’s reported on 12/02/22 that Asana’s Outlook Has Been Hit by Slowdown in Tech Hiring. Here’s What Analysts Think.
Is It Worth Investing in Asana Inc. (NYSE: ASAN) Right Now?
Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 2 as “sell.”
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The average price recommended by analysts for Asana Inc. (ASAN) is $22.00, which is $2.01 above the current market price. The public float for ASAN is 79.87M and currently, short sellers hold a 14.25% of that float. On May 26, 2023, ASAN’s average trading volume was 2.79M shares.
ASAN’s Market Performance
The stock of Asana Inc. (ASAN) has seen a 2.80% increase in the past week, with a 27.04% rise in the past month, and a 40.23% gain in the past quarter. The volatility ratio for the week is 5.00%, and the volatility levels for the past 30 days are at 4.36% for ASAN. The simple moving average for the last 20 days is 15.25% for ASAN stock, with a simple moving average of 10.72% for the last 200 days.
ASAN Trading at 8.74% 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 -30.43% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 5.00%, as shares surge +23.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.55% lower at present.
During the last 5 trading sessions, ASAN rose by +2.80%, which changed the moving average for the period of 200-days by -16.78% in comparison to the 20-day moving average, which settled at $18.01. In addition, Asana Inc. saw 49.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASAN starting from Wan Tim M, who sale 3,336 shares at the price of $20.86 back on Mar 23. After this action, Wan Tim M now owns 603,715 shares of Asana Inc., valued at $69,583 using the latest closing price.
LACEY ELEANOR B, the GC, Corporate Secretary of Asana Inc., sale 1,321 shares at $20.86 during a trade that took place back on Mar 23, which means that LACEY ELEANOR B is holding 165,300 shares at $27,554 based on the most recent closing price.
Stock Fundamentals for ASAN
Current profitability levels for the company are sitting at:
- -72.84 for the present operating margin
- +89.76 for the gross margin
The net margin for Asana Inc. stands at -74.52. The total capital return value is set at -73.30, while invested capital returns managed to touch -76.93. Equity return is now at value -163.20, with -50.40 for asset returns.
Based on Asana Inc. (ASAN), the company’s capital structure generated 76.15 points at debt to equity in total, while total debt to capital is 43.23. Total debt to assets is 28.43, with long-term debt to equity ratio resting at 71.99. Finally, the long-term debt to capital ratio is 40.87.
When we switch over and look at the enterprise to sales, we see a ratio of 7.82, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 7.74 and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To wrap up, the performance of Asana Inc. (ASAN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
