Additionally, the 36-month beta value for ASAN is 1.27. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 2 rating it as “sell.”
The average price predicted by analysts for ASAN is $23.08, which is $5.11 above the current price. The public float for ASAN is 78.86M and currently, short sellers hold a 11.95% ratio of that float. The average trading volume of ASAN on September 19, 2023 was 2.43M shares.
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ASAN) stock’s latest price update
The stock price of Asana Inc. (NYSE: ASAN) has plunged by -0.27 when compared to previous closing price of 18.25, but the company has seen a -9.86% decline in its stock price over the last five trading sessions. The Motley Fool reported 2023-09-06 that Asana beat estimates, but is still highly unprofitable on a GAAP basis. The company expects its loss to widen from Q2 to Q3.
ASAN’s Market Performance
ASAN’s stock has fallen by -9.86% in the past week, with a monthly drop of -8.22% and a quarterly drop of -27.23%. The volatility ratio for the week is 3.90% while the volatility levels for the last 30 days are 4.81% for Asana Inc. The simple moving average for the past 20 days is -11.17% for ASAN’s stock, with a -2.82% simple moving average for the past 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 $21 based on the research report published on June 02, 2023 of the current year 2023.
ASAN Trading at -15.48% 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 -32.94% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -10.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.88% lower at present.
During the last 5 trading sessions, ASAN fell by -9.86%, which changed the moving average for the period of 200-days by +5.75% in comparison to the 20-day moving average, which settled at $20.38. In addition, Asana Inc. saw 32.17% 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 Moskovitz Dustin A., who purchase 80,000 shares at the price of $20.39 back on Sep 11. After this action, Moskovitz Dustin A. now owns 42,917,649 shares of Asana Inc., valued at $1,631,200 using the latest closing price.
Moskovitz Dustin A., the President, CEO, & Chair of Asana Inc., purchase 474,847 shares at $20.03 during a trade that took place back on Sep 08, which means that Moskovitz Dustin A. is holding 42,837,649 shares at $9,511,185 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 -91.70, with -34.20 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 6.18, 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
In conclusion, Asana Inc. (ASAN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
