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The closing price of Asana Inc (NYSE: ASAN) was $11.95 for the day, up 1.62% from the previous closing price of $11.76. In other words, the price has increased by $1.62 from its previous closing price. On the day, 1.04 million shares were traded. ASAN stock price reached its highest trading level at $12.09 during the session, while it also had its lowest trading level at $11.805.
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 1.57 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:
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 Sep 20 ’24 when LACEY ELEANOR B sold 9,308 shares for $11.99 per share. The transaction valued at 111,603 led to the insider holds 375,310 shares of the business.
LACEY ELEANOR B sold 4,977 shares of ASAN for $58,662 on Sep 23 ’24. The GC, Corporate Secretary now owns 370,333 shares after completing the transaction at $11.79 per share. On Sep 20 ’24, another insider, Raimondi Anne, who serves as the Chief Operating Officer of the company, sold 29,807 shares for $11.99 each. As a result, the insider received 357,386 and left with 761,088 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 2683216896 and an Enterprise Value of 2480136960. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.96 while its Price-to-Book (P/B) ratio in mrq is 9.39. Its current Enterprise Value per Revenue stands at 3.598 whereas that against EBITDA is -9.497.
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 -3.25%, while the 200-Day Moving Average is calculated to be -18.76%.
Shares Statistics:
ASAN traded an average of 1.91M shares per day over the past three months and 1256180 shares per day over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 82.34M. Insiders hold about 63.91% of the company’s shares, while institutions hold 27.91% stake in the company. Shares short for ASAN as of 1727654400 were 8312647 with a Short Ratio of 4.35, compared to 1724976000 on 9486448. Therefore, it implies a Short% of Shares Outstanding of 8312647 and a Short% of Float of 10.08.
