The closing price of Asana Inc (NYSE: ASAN) was $16.40 for the day, down -12.72% from the previous closing price of $18.79. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 8838076 shares were traded.
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Ratios:
Our analysis of ASAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on February 26, 2024, initiated with a Buy rating and assigned the stock a target price of $25.
HSBC Securities Downgraded its Hold to Reduce on December 06, 2023, while the target price for the stock was maintained at $18.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 22 ’23 when Wan Tim M sold 5,000 shares for $19.27 per share. The transaction valued at 96,350 led to the insider holds 763,993 shares of the business.
Wan Tim M sold 5,000 shares of ASAN for $95,250 on Dec 21 ’23. The Chief Financial Officer now owns 763,993 shares after completing the transaction at $19.05 per share. On Dec 20 ’23, another insider, Raimondi Anne, who serves as the Chief Operating Officer of the company, sold 17,045 shares for $19.31 each. As a result, the insider received 329,122 and left with 502,636 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 3.65B and an Enterprise Value of 3.40B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.59 while its Price-to-Book (P/B) ratio in mrq is 10.98. Its current Enterprise Value per Revenue stands at 5.39 whereas that against EBITDA is -12.73.
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 $15.41. The 50-Day Moving Average of the stock is 18.45, while the 200-Day Moving Average is calculated to be 20.08.
Shares Statistics:
ASAN traded an average of 2.01M shares per day over the past three months and 2.85M shares per day over the past ten days. A total of 128.80M shares are outstanding, with a floating share count of 78.06M. Insiders hold about 64.92% of the company’s shares, while institutions hold 26.15% stake in the company. Shares short for ASAN as of Feb 29, 2024 were 10.6M with a Short Ratio of 5.28, compared to 9.45M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.76% and a Short% of Float of 12.31%.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.12, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.01 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.09 and -$0.44 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.03, with 8 analysts recommending between $0.17 and -$0.28.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for ASAN’s current fiscal year. The highest revenue estimate was $804.91M, while the lowest revenue estimate was $706.87M, resulting in an average revenue estimate of $724.75M. In the same quarter a year ago, actual revenue was $652.5M, up 11.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $858.8M in the next fiscal year. The high estimate is $1.05B and the low estimate is $786M. The average revenue growth estimate for next year is up 18.50% from the average revenue estimate for this year.
