ASAN (Asana Inc.) stock is in for a key growth catalyst


Asana Inc. (NYSE: ASAN) closed the day trading at $18.20 down -0.27% from the previous closing price of $18.25. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 2255003 shares were traded. ASAN stock price reached its highest trading level at $18.58 during the session, while it also had its lowest trading level at $17.81.

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For a better understanding of ASAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.

Upgrades & Downgrades

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 Sep 11 when Moskovitz Dustin A. bought 80,000 shares for $20.39 per share. The transaction valued at 1,631,200 led to the insider holds 42,917,649 shares of the business.

Moskovitz Dustin A. bought 474,847 shares of ASAN for $9,511,185 on Sep 08. The President, CEO, & Chair now owns 42,837,649 shares after completing the transaction at $20.03 per share. On Aug 31, another insider, Moskovitz Dustin A., who serves as the President, CEO, & Chair of the company, bought 80,000 shares for $21.76 each. As a result, the insider paid 1,740,800 and bolstered with 42,362,802 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 4.00B and an Enterprise Value of 3.75B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.75 while its Price-to-Book (P/B) ratio in mrq is 11.90. Its current Enterprise Value per Revenue stands at 6.18 whereas that against EBITDA is -12.18.

Stock Price History:

Over the past 52 weeks, ASAN has reached a high of $27.14, while it has fallen to a 52-week low of $11.32. The 50-Day Moving Average of the stock is 21.48, while the 200-Day Moving Average is calculated to be 18.73.

Shares Statistics:

Over the past 3-months, ASAN traded about 2.43M shares per day on average, while over the past 10 days, ASAN traded about 3.69M shares per day. A total of 219.00M shares are outstanding, with a floating share count of 78.86M. Insiders hold about 31.60% of the company’s shares, while institutions hold 48.10% stake in the company. Shares short for ASAN as of Aug 30, 2023 were 9.42M with a Short Ratio of 9.42M, compared to 10M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.29% and a Short% of Float of 11.31%.

Earnings Estimates

Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.13, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.15 and low estimates of -$0.17.

Analysts are recommending an EPS of between -$0.38 and -$0.41 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.27, with 15 analysts recommending between -$0.18 and -$0.35.

Revenue Estimates

A total of 15 analysts have provided revenue estimates for ASAN’s current fiscal year. The highest revenue estimate was $648.6M, while the lowest revenue estimate was $644.92M, resulting in an average revenue estimate of $645.8M. In the same quarter a year ago, actual revenue was $547.21M, up 18.00% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $733.32M in the next fiscal year. The high estimate is $765.8M and the low estimate is $716.16M. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.


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