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In the latest session, Asana Inc (NYSE: ASAN) closed at $13.05 down -0.61% from its previous closing price of $13.13. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 6.9 million shares were traded. ASAN stock price reached its highest trading level at $15.43 during the session, while it also had its lowest trading level at $12.85.
Ratios:
For a deeper understanding of Asana Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.80.
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, Piper Sandler on May 31, 2024, Upgraded its rating to Neutral and sets its target price to $16 from $18 previously.
On February 26, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.BofA Securities initiated its Buy rating on February 26, 2024, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 26 ’24 when Wan Tim M sold 10,000 shares for $15.00 per share. The transaction valued at 150,000 led to the insider holds 753,888 shares of the business.
Wan Tim M sold 10,000 shares of ASAN for $150,000 on Apr 24 ’24. The CHIEF FINANCIAL OFFICER now owns 753,888 shares after completing the transaction at $15.00 per share. On Apr 01 ’24, another insider, LACEY ELEANOR B, who serves as the GC, CORPORATE SECRETARY of the company, sold 4,462 shares for $15.47 each. As a result, the insider received 69,027 and left with 220,739 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 2976757248 and an Enterprise Value of 2692155904. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.42 while its Price-to-Book (P/B) ratio in mrq is 9.30. Its current Enterprise Value per Revenue stands at 4.126 whereas that against EBITDA is -10.632.
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 $12.89. The 50-Day Moving Average of the stock is -12.69%, while the 200-Day Moving Average is calculated to be -27.54%.
Shares Statistics:
For the past three months, ASAN has traded an average of 1.97M shares per day and 2326250 over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 80.39M. Insiders hold about 64.71% of the company’s shares, while institutions hold 26.09% stake in the company. Shares short for ASAN as of 1715731200 were 12076931 with a Short Ratio of 6.13, compared to 1713139200 on 11730838. Therefore, it implies a Short% of Shares Outstanding of 12076931 and a Short% of Float of 14.7.
