Asana Inc (ASAN) Stock: A Closer Look at the Market Potential

Company’s 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for ASAN is 79.38M, and currently, short sellers hold a 14.95% ratio of that floaft. The average trading volume of ASAN on April 04, 2024 was 2.04M shares.

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ASAN) stock’s latest price update

Asana Inc (NYSE: ASAN)’s stock price has decreased by -0.73 compared to its previous closing price of 15.01. However, the company has seen a -2.49% decrease in its stock price over the last five trading sessions. MarketBeat reported 2024-03-25 that Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn’t matter as much as the forward guidance.

ASAN’s Market Performance

Asana Inc (ASAN) has seen a -2.49% fall in stock performance for the week, with a -25.31% decline in the past month and a -16.06% plunge in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.87% for ASAN. The simple moving average for the last 20 days is -9.28% for ASAN stock, with a simple moving average of -23.92% 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 “Underweight.” The predicted price for ASAN in the upcoming period, according to KeyBanc Capital Markets is $14 based on the research report published on March 21, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $25. The rating they have provided for ASAN stocks is “Buy” according to the report published on February 26th, 2024.

DA Davidson gave a rating of “Neutral” to ASAN, setting the target price at $20 in the report published on December 20th of the previous year.

ASAN Trading at -16.16% 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 -43.28% of loss for the given period.

Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -18.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.74% lower at present.

During the last 5 trading sessions, ASAN fell by -2.49%, which changed the moving average for the period of 200-days by -40.47% in comparison to the 20-day moving average, which settled at $16.25. In addition, Asana Inc saw -21.62% 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 LACEY ELEANOR B, who sale 4,462 shares at the price of $15.47 back on Apr 01 ’24. After this action, LACEY ELEANOR B now owns 220,739 shares of Asana Inc, valued at $69,027 using the latest closing price.

Raimondi Anne, the CHIEF OPERATING OFFICER of Asana Inc, sale 11,779 shares at $15.38 during a trade that took place back on Mar 20 ’24, which means that Raimondi Anne is holding 492,230 shares at $181,137 based on the most recent closing price.

Stock Fundamentals for ASAN

Current profitability levels for the company are sitting at:

  • -0.41 for the present operating margin
  • 0.9 for the gross margin

The net margin for Asana Inc stands at -0.39. The total capital return value is set at -0.45. Equity return is now at value -75.27, with -26.82 for asset returns.

Based on Asana Inc (ASAN), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.29. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -68.32.

Currently, EBITDA for the company is -246.39 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 5.2. The receivables turnover for the company is 7.39for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.

Conclusion

In a nutshell, Asana Inc (ASAN) has experienced a bad performance in recent times. The stock has received mixed “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.

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