After finishing at $15.26 in the prior trading day, Asana Inc (NYSE: ASAN) closed at $14.69, down -3.74%. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 1706659 shares were traded.
Ratios:
Our goal is to gain a better understanding of ASAN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.79.
On February 26, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when LACEY ELEANOR B sold 4,462 shares for $15.47 per share. The transaction valued at 69,027 led to the insider holds 220,739 shares of the business.
Raimondi Anne sold 11,779 shares of ASAN for $181,137 on Mar 20 ’24. The CHIEF OPERATING OFFICER now owns 492,230 shares after completing the transaction at $15.38 per share. On Mar 20 ’24, another insider, Wan Tim M, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 10,105 shares for $15.38 each. As a result, the insider received 155,395 and left with 753,888 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASAN now has a Market Capitalization of 3.43B and an Enterprise Value of 3.19B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.06 while its Price-to-Book (P/B) ratio in mrq is 10.11. Its current Enterprise Value per Revenue stands at 4.89 whereas that against EBITDA is -13.57.
Stock Price History:
Over the past 52 weeks, ASAN has reached a high of $26.27, while it has fallen to a 52-week low of $14.63. The 50-Day Moving Average of the stock is 17.31, while the 200-Day Moving Average is calculated to be 19.32.
Shares Statistics:
The stock has traded on average 1.97M shares per day over the past 3-months and 1.44M shares per day over the last 10 days, according to various share statistics. A total of 139.24M shares are outstanding, with a floating share count of 80.36M. Insiders hold about 64.69% of the company’s shares, while institutions hold 25.89% stake in the company. Shares short for ASAN as of Mar 15, 2024 were 11.86M with a Short Ratio of 5.67, compared to 10M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.28% and a Short% of Float of 13.41%.
Earnings Estimates
Its stock is currently analyzed by 15 different market analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.09, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.02 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.14 and -$0.23 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.02, with 16 analysts recommending between $0.13 and -$0.14.
Revenue Estimates
A total of 17 analysts have provided revenue estimates for ASAN’s current fiscal year. The highest revenue estimate was $750.45M, while the lowest revenue estimate was $716.66M, resulting in an average revenue estimate of $722.06M. In the same quarter a year ago, actual revenue was $652.5M, up 10.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $837.31M in the next fiscal year. The high estimate is $970.54M and the low estimate is $784.09M. The average revenue growth estimate for next year is up 16.00% from the average revenue estimate for this year.
