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As of close of business last night, Asana Inc’s stock clocked out at $13.86, up 2.06% from its previous closing price of $13.58. In other words, the price has increased by $2.06 from its previous closing price. On the day, 0.97 million shares were traded. ASAN stock price reached its highest trading level at $13.88 during the session, while it also had its lowest trading level at $13.57.
Ratios:
To gain a deeper understanding of ASAN’s stock, we examine its different 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 26 ’24 when Wan Tim M sold 5,000 shares for $15.30 per share. The transaction valued at 76,500 led to the insider holds 1,063,909 shares of the business.
Wan Tim M sold 5,000 shares of ASAN for $75,000 on Jul 25 ’24. The Chief Financial Officer now owns 1,063,909 shares after completing the transaction at $15.00 per share. On Jul 26 ’24, another insider, TIM WAN, who serves as the Officer of the company, bought 5,000 shares for $15.30 each.
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 3161521408 and an Enterprise Value of 2918692608. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.70 while its Price-to-Book (P/B) ratio in mrq is 9.88. Its current Enterprise Value per Revenue stands at 4.34 whereas that against EBITDA is -11.518.
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 $11.29. The 50-Day Moving Average of the stock is 3.18%, while the 200-Day Moving Average is calculated to be -15.81%.
Shares Statistics:
It appears that ASAN traded 2.27M shares on average per day over the past three months and 1627900 shares per day over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 81.61M. Insiders hold about 64.22% of the company’s shares, while institutions hold 28.15% stake in the company. Shares short for ASAN as of 1722384000 were 10296016 with a Short Ratio of 4.53, compared to 1719532800 on 14087742. Therefore, it implies a Short% of Shares Outstanding of 10296016 and a Short% of Float of 12.49.
