Asana Inc (NYSE: ASAN)’s stock price has gone rise by 0.74 in comparison to its previous close of 12.14, however, the company has experienced a 0.41% increase in its stock price over the last five trading days. fool.com reported 2024-10-11 that These must-buy growth stocks will help your investment portfolio soar to new heights.
Is It Worth Investing in Asana Inc (NYSE: ASAN) Right Now?
ASAN has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 3 as “sell.”
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The public float for ASAN is 82.34M, and currently, short sellers hold a 10.10% ratio of that float. The average trading volume of ASAN on October 23, 2024 was 1.92M shares.
ASAN’s Market Performance
The stock of Asana Inc (ASAN) has seen a 0.41% increase in the past week, with a 2.86% rise in the past month, and a -13.45% fall in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 3.18% for ASAN. The simple moving average for the past 20 days is 3.75% for ASAN’s stock, with a -17.22% simple moving average for the past 200 days.
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 -1.30% 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 -47.82% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +2.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.47% lower at present.
During the last 5 trading sessions, ASAN rose by +0.41%, which changed the moving average for the period of 200-days by -27.55% in comparison to the 20-day moving average, which settled at $11.79. In addition, Asana Inc saw -35.67% 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 9,308 shares at the price of $11.99 back on Sep 20 ’24. After this action, LACEY ELEANOR B now owns 375,310 shares of Asana Inc, valued at $111,603 using the latest closing price.
LACEY ELEANOR B, the GC, Corporate Secretary of Asana Inc, sale 4,977 shares at $11.79 during a trade that took place back on Sep 23 ’24, which means that LACEY ELEANOR B is holding 370,333 shares at $58,662 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 -0.38. The total capital return value is set at -0.5. Equity return is now at value -83.06, with -27.35 for asset returns.
Based on Asana Inc (ASAN), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -70.09.
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 4.13. The receivables turnover for the company is 10.59for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Asana Inc (ASAN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
