Asana Inc (NYSE: ASAN)’s stock price has plunge by 4.46relation to previous closing price of 14.34. Nevertheless, the company has seen a 8.00% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-01 that SAN FRANCISCO–(BUSINESS WIRE)–Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced today that it will release financial results for the third quarter fiscal year 2025 on Thursday, December 5, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The live webcast and replay will be available on the Asana Investo.
Is It Worth Investing in Asana Inc (NYSE: ASAN) Right Now?
Company’s 36-month beta value is 1.19.Analysts have differing opinions 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 82.35M, and currently, short sellers hold a 10.96% ratio of that floaft. The average trading volume of ASAN on November 13, 2024 was 1.80M shares.
ASAN’s Market Performance
ASAN stock saw an increase of 8.00% in the past week, with a monthly gain of 22.99% and a quarterly increase of 13.31%. The volatility ratio for the week is 2.76%, and the volatility levels for the last 30 days are 3.35% for Asana Inc (ASAN). The simple moving average for the past 20 days is 16.78% for ASAN’s stock, with a 4.52% 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 22.70% 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 -36.09% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +23.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.64% upper at present.
During the last 5 trading sessions, ASAN rose by +7.86%, which changed the moving average for the period of 200-days by -18.83% in comparison to the 20-day moving average, which settled at $12.83. In addition, Asana Inc saw -21.20% 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 Wan Tim M, who proposed sale 19,000 shares at the price of $13.90 back on Nov 06 ’24. After this action, Wan Tim M now owns shares of Asana Inc, valued at $264,024 using the latest closing price.
LACEY ELEANOR B, the GC, Corporate Secretary of Asana Inc, sale 9,308 shares at $11.99 during a trade that took place back on Sep 20 ’24, which means that LACEY ELEANOR B is holding 375,310 shares at $111,603 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 5.1. 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
In a nutshell, Asana Inc (ASAN) has experienced a mixed 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.
