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The closing price of Asana Inc (NYSE: ASAN) was $14.94 for the day, down -3.80% from the previous closing price of $15.53. In other words, the price has decreased by -$3.80 from its previous closing price. On the day, 2.25 million shares were traded. ASAN stock price reached its highest trading level at $15.32 during the session, while it also had its lowest trading level at $14.68.
Ratios:
Our analysis of ASAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.79.
On February 26, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3403630592 and an Enterprise Value of 3249678848. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.22 while its Price-to-Book (P/B) ratio in mrq is 10.29. Its current Enterprise Value per Revenue stands at 4.98 whereas that against EBITDA is -12.834.
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 $13.34. The 50-Day Moving Average of the stock is -6.05%, while the 200-Day Moving Average is calculated to be -19.64%.
Shares Statistics:
ASAN traded an average of 2.02M shares per day over the past three months and 1773070 shares per day over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 82.13M. Insiders hold about 63.95% of the company’s shares, while institutions hold 25.53% stake in the company. Shares short for ASAN as of 1713139200 were 11730838 with a Short Ratio of 5.80, compared to 1710460800 on 11863543. Therefore, it implies a Short% of Shares Outstanding of 11730838 and a Short% of Float of 13.260000999999999.
