The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Asana Inc (NYSE: ASAN) was $14.05 for the day, up 1.30% from the previous closing price of $13.87. In other words, the price has increased by $1.30 from its previous closing price. On the day, 1.71 million shares were traded. ASAN stock price reached its highest trading level at $14.14 during the session, while it also had its lowest trading level at $13.8557.
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 1.57 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.94 whereas as Long-Term Debt/Eq ratio is at 0.87.
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 the company, HSBC Securities on June 03, 2024, Upgraded its rating to Hold and sets its target price to $14 from $16 previously.
On May 31, 2024, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also lowered its target price recommendation from $18 to $16.
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 Nov 06 ’24 when Wan Tim M bought 19,000 shares for $13.90 per share.
LACEY ELEANOR B sold 9,308 shares of ASAN for $111,603 on Sep 20 ’24. The GC, Corporate Secretary now owns 375,310 shares after completing the transaction at $11.99 per share. On Sep 23 ’24, another insider, LACEY ELEANOR B, who serves as the GC, Corporate Secretary of the company, sold 4,977 shares for $11.79 each. As a result, the insider received 58,662 and left with 370,333 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 3205704192 and an Enterprise Value of 2959282176. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.65 while its Price-to-Book (P/B) ratio in mrq is 11.05. Its current Enterprise Value per Revenue stands at 4.293 whereas that against EBITDA is -11.332.
Stock Price History:
Over the past 52 weeks, ASAN has reached a high of $23.44, while it has fallen to a 52-week low of $11.05. The 50-Day Moving Average of the stock is 15.76%, while the 200-Day Moving Average is calculated to be -2.54%.
Shares Statistics:
ASAN traded an average of 1.85M shares per day over the past three months and 1548370 shares per day over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 82.34M. Insiders hold about 63.91% of the company’s shares, while institutions hold 27.92% stake in the company. Shares short for ASAN as of 1728950400 were 8552787 with a Short Ratio of 4.62, compared to 1726185600 on 10233680. Therefore, it implies a Short% of Shares Outstanding of 8552787 and a Short% of Float of 10.37.
