Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $19.85 in the prior trading day, Asana Inc (NYSE: ASAN) closed at $20.61, up 3.83%. In other words, the price has increased by $3.83 from its previous closing price. On the day, 2.07 million shares were traded. ASAN stock price reached its highest trading level at $20.74 during the session, while it also had its lowest trading level at $19.85.
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 1.43 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.03.
On November 19, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $15.
HSBC Securities Upgraded its Reduce to Hold on June 03, 2024, whereas the target price for the stock was revised from $16 to $14.
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 Dec 26 ’24 when LACEY ELEANOR B sold 3,841 shares for $21.84 per share. The transaction valued at 83,883 led to the insider holds 353,584 shares of the business.
LACEY ELEANOR B sold 12,908 shares of ASAN for $280,293 on Dec 20 ’24. The GC, Corporate Secretary now owns 357,425 shares after completing the transaction at $21.71 per share. On Dec 20 ’24, another insider, Raimondi Anne, who serves as the Chief Operating Officer of the company, sold 27,233 shares for $21.71 each. As a result, the insider received 591,356 and left with 733,855 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 4713981440 and an Enterprise Value of 3280993792. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 19.69. Its current Enterprise Value per Revenue stands at 4.76 whereas that against EBITDA is -12.564.
Stock Price History:
Over the past 52 weeks, ASAN has reached a high of $27.77, while it has fallen to a 52-week low of $11.05. The 50-Day Moving Average of the stock is 19.23%, while the 200-Day Moving Average is calculated to be 41.94%.
Shares Statistics:
The stock has traded on average 3.10M shares per day over the past 3-months and 3925790 shares per day over the last 10 days, according to various share statistics. A total of 143.16M shares are outstanding, with a floating share count of 82.76M. Insiders hold about 63.82% of the company’s shares, while institutions hold 25.78% stake in the company. Shares short for ASAN as of 1731628800 were 8669194 with a Short Ratio of 3.33, compared to 1728950400 on 8552787. Therefore, it implies a Short% of Shares Outstanding of 8669194 and a Short% of Float of 10.5100006.
