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In the latest session, Asana Inc (NYSE: ASAN) closed at $11.71 up 0.34% from its previous closing price of $11.67. In other words, the price has increased by $0.34 from its previous closing price. On the day, 1.92 million shares were traded. ASAN stock price reached its highest trading level at $11.84 during the session, while it also had its lowest trading level at $11.3167.
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 1.57 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:
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 Sep 11 ’24 when Wan Tim M bought 30,000 shares for $11.45 per share.
Wan Tim M sold 5,000 shares of ASAN for $76,500 on Jul 26 ’24. The Chief Financial Officer now owns 1,063,909 shares after completing the transaction at $15.30 per share. On Jul 25 ’24, another insider, Wan Tim M, who serves as the Chief Financial Officer of the company, sold 5,000 shares for $15.00 each. As a result, the insider received 75,000 and left with 1,063,909 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 2671800576 and an Enterprise Value of 2425377536. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.88 while its Price-to-Book (P/B) ratio in mrq is 9.21. Its current Enterprise Value per Revenue stands at 3.519 whereas that against EBITDA is -9.288.
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 -13.28%, while the 200-Day Moving Average is calculated to be -26.46%.
Shares Statistics:
For the past three months, ASAN has traded an average of 2.27M shares per day and 3001490 over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 81.72M. Insiders hold about 64.19% of the company’s shares, while institutions hold 30.06% stake in the company. Shares short for ASAN as of 1724976000 were 9486448 with a Short Ratio of 4.18, compared to 1722384000 on 10296016. Therefore, it implies a Short% of Shares Outstanding of 9486448 and a Short% of Float of 11.5.
