The 36-month beta value for ASAN is at 1.16. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 as “hold,” and 3 as “sell.”
The public float for ASAN is 82.35M, and currently, shorts hold a 10.96% of that float. The average trading volume for ASAN on November 20, 2024 was 1.82M shares.
ASAN) stock’s latest price update
Asana Inc (NYSE: ASAN) has seen a rise in its stock price by 0.76 in relation to its previous close of 13.78. However, the company has experienced a -5.67% decline 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.
ASAN’s Market Performance
Asana Inc (ASAN) has experienced a -5.67% fall in stock performance for the past week, with a 13.53% rise in the past month, and a 4.09% rise in the past quarter. The volatility ratio for the week is 4.29%, and the volatility levels for the past 30 days are at 3.73% for ASAN. The simple moving average for the past 20 days is 4.64% for ASAN’s stock, with a -2.49% simple moving average for the past 200 days.
Analysts’ Opinion of ASAN
Many brokerage firms have already submitted their reports for ASAN stocks, with Scotiabank repeating the rating for ASAN by listing it as a “Sector Perform.” The predicted price for ASAN in the upcoming period, according to Scotiabank is $15 based on the research report published on November 19, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see ASAN reach a price target of $14, previously predicting the price at $16. The rating they have provided for ASAN stocks is “Hold” according to the report published on June 03rd, 2024.
Piper Sandler gave a rating of “Neutral” to ASAN, setting the target price at $16 in the report published on May 31st of the current year.
ASAN Trading at 11.79% 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 -40.76% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares surge +18.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.71% upper at present.
During the last 5 trading sessions, ASAN fell by -5.10%, which changed the moving average for the period of 200-days by -22.39% in comparison to the 20-day moving average, which settled at $13.27. In addition, Asana Inc saw -26.96% 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 -235.03 million with net debt to EBITDA at -0.24. When we switch over and look at the enterprise to sales, we see a ratio of 4.66. 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 conclusion, Asana Inc (ASAN) has had a mixed 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.
