The stock of Asana Inc (ASAN) has seen a 0.23% increase in the past week, with a -6.49% drop in the past month, and a -16.23% decrease in the past quarter. The volatility ratio for the week is 5.17%, and the volatility levels for the past 30 days are at 4.82% for ASAN. The simple moving average for the last 20 days is -9.25% for ASAN stock, with a simple moving average of -23.71% for the last 200 days.
Is It Worth Investing in Asana Inc (NYSE: ASAN) Right Now?
The 36-month beta value for ASAN is at 1.21. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASAN is 81.68M, and currently, shorts hold a 12.61% of that float. The average trading volume for ASAN on August 12, 2024 was 2.22M shares.
ASAN) stock’s latest price update
Asana Inc (NYSE: ASAN)’s stock price has increased by 3.92 compared to its previous closing price of 12.22. However, the company has seen a 0.23% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-08-02 that SAN FRANCISCO–(BUSINESS WIRE)–Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the #1 AI work management platform, today published its fiscal year 2024 (FY24) Environmental, Social, and Governance (ESG) report. The report highlights Asana’s continued progress on key ESG commitments, furthering the company’s position as a leader in workplace culture, product vision, and responsible business practices. Asana’s ESG website also highlights the innovative use of AI. Leveraging an AI ESG bot, conversant with.
Analysts’ Opinion of ASAN
Many brokerage firms have already submitted their reports for ASAN stocks, with HSBC Securities repeating the rating for ASAN by listing it as a “Hold.” The predicted price for ASAN in the upcoming period, according to HSBC Securities is $14 based on the research report published on June 03, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $16, previously predicting the price at $18. The rating they have provided for ASAN stocks is “Neutral” according to the report published on May 31st, 2024.
KeyBanc Capital Markets gave a rating of “Underweight” to ASAN, setting the target price at $14 in the report published on March 21st of the current year.
ASAN Trading at -5.74% 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 -45.82% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 5.17%, as shares sank -9.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.49% lower at present.
During the last 5 trading sessions, ASAN fell by -1.03%, which changed the moving average for the period of 200-days by -35.82% in comparison to the 20-day moving average, which settled at $13.92. In addition, Asana Inc saw -33.20% 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 TIM WAN, who proposed sale 5,000 shares at the price of $15.30 back on Jul 26 ’24. After this action, TIM WAN now owns shares of Asana Inc, valued at $76,500 using the latest closing price.
Wan Tim M, the Chief Financial Officer of Asana Inc, sale 5,000 shares at $15.30 during a trade that took place back on Jul 26 ’24, which means that Wan Tim M is holding 1,063,909 shares at $76,500 based on the most recent closing price.
Stock Fundamentals for ASAN
Current profitability levels for the company are sitting at:
- -0.4 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 -0.46. Equity return is now at value -77.63, with -26.42 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 -0.08. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -68.99.
Currently, EBITDA for the company is -246.39 million with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 4.37. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Asana Inc (ASAN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
