Asana Inc (ASAN)’s liquidity ratios and what they mean

The price of Asana Inc (NYSE: ASAN) closed at $19.15 in the last session, up 4.19% from day before closing price of $18.38. In other words, the price has increased by $+0.77 from its previous closing price. On the day, 1398284 shares were traded. ASAN stock price reached its highest trading level at $19.27 during the session, while it also had its lowest trading level at $18.38.

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We take a closer look at ASAN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.80.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 22 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. The Chief Financial Officer now owns 763,993 shares after completing the transaction at $19.05 per share. On Dec 20, 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 4.26B and an Enterprise Value of 4.01B. 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 12.82. Its current Enterprise Value per Revenue stands at 6.36 whereas that against EBITDA is -15.02.

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 $14.30. The 50-Day Moving Average of the stock is 19.60, while the 200-Day Moving Average is calculated to be 19.97.

Shares Statistics:

According to the various share statistics, ASAN traded on average about 2.34M shares per day over the past 3-months and 1.49M shares per day over the past 10 days. A total of 128.80M shares are outstanding, with a floating share count of 78.04M. Insiders hold about 64.93% of the company’s shares, while institutions hold 24.28% stake in the company. Shares short for ASAN as of Jan 11, 2024 were 10.33M with a Short Ratio of 10.33M, compared to 10.21M on Dec 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.64% and a Short% of Float of 11.99%.

Earnings Estimates

The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.12, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.03 and low estimates of -$0.12.

Analysts are recommending an EPS of between -$0.21 and -$0.28 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.22, with 15 analysts recommending between -$0.09 and -$0.44.

Revenue Estimates

According to 12 analysts, the current quarter’s revenue is expected to be $167.68M. It ranges from a high estimate of $168.67M to a low estimate of $167.4M. As of the current estimate, Asana Inc’s year-ago sales were $150.23M, an estimated increase of 11.60% from the year-ago figure.

A total of 16 analysts have provided revenue estimates for ASAN’s current fiscal year. The highest revenue estimate was $651.73M, while the lowest revenue estimate was $648.8M, resulting in an average revenue estimate of $649.27M. In the same quarter a year ago, actual revenue was $547.21M, up 18.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $724.75M in the next fiscal year. The high estimate is $804.91M and the low estimate is $706.87M. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.

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