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The price of Asana Inc (NYSE: ASAN) closed at $14.55 in the last session, down -3.32% from day before closing price of $15.05. In other words, the price has decreased by -$3.32 from its previous closing price. On the day, 1.99 million shares were traded. ASAN stock price reached its highest trading level at $15.19 during the session, while it also had its lowest trading level at $14.505.
Ratios:
We take a closer look at ASAN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 26 ’24 when TIM WAN bought 5,000 shares for $15.30 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 3369634560 and an Enterprise Value of 3190137088. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.94 while its Price-to-Book (P/B) ratio in mrq is 10.37. Its current Enterprise Value per Revenue stands at 4.743 whereas that against EBITDA is -12.589.
Stock Price History:
Over the past 52 weeks, ASAN has reached a high of $24.81, while it has fallen to a 52-week low of $11.29. The 50-Day Moving Average of the stock is 5.68%, while the 200-Day Moving Average is calculated to be -13.73%.
Shares Statistics:
According to the various share statistics, ASAN traded on average about 2.20M shares per day over the past 3-months and 1840750 shares per day over the past 10 days. A total of 139.24M shares are outstanding, with a floating share count of 81.69M. Insiders hold about 64.19% of the company’s shares, while institutions hold 26.15% stake in the company. Shares short for ASAN as of 1721001600 were 13010501 with a Short Ratio of 5.92, compared to 1718323200 on 13512421. Therefore, it implies a Short% of Shares Outstanding of 13010501 and a Short% of Float of 15.78.
