The stock of Asana Inc (ASAN) has seen a -3.63% decrease in the past week, with a -3.12% drop in the past month, and a -17.92% decrease in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are at 3.68% for ASAN.. The simple moving average for the past 20 days is 0.50% for ASAN’s stock, with a -20.48% simple moving average for the past 200 days.
Is It Worth Investing in Asana Inc (NYSE: ASAN) Right Now?
The stock has a 36-month beta value of 1.22. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASAN is 80.36M, and at present, short sellers hold a 14.60% of that float. On May 08, 2024, the average trading volume of ASAN was 2.02M shares.
ASAN) stock’s latest price update
The stock of Asana Inc (NYSE: ASAN) has decreased by -4.81 when compared to last closing price of 15.53.Despite this, the company has seen a loss of -3.63% in its stock price over the last five trading days. 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.
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 -7.03% 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 -43.73% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.15% lower at present.
During the last 5 trading sessions, ASAN fell by -4.11%, which changed the moving average for the period of 200-days by -33.50% in comparison to the 20-day moving average, which settled at $14.71. In addition, Asana Inc saw -22.23% 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 Wan Tim M, who sale 10,000 shares at the price of $15.00 back on Apr 26 ’24. After this action, Wan Tim M now owns 753,888 shares of Asana Inc, valued at $150,000 using the latest closing price.
Wan Tim M, the CHIEF FINANCIAL OFFICER of Asana Inc, sale 10,000 shares at $15.00 during a trade that took place back on Apr 24 ’24, which means that Wan Tim M is holding 753,888 shares at $150,000 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 5.23. 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
To sum up, Asana Inc (ASAN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
