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The price of Asana Inc (NYSE: ASAN) closed at $13.75 in the last session, down -3.51% from day before closing price of $14.25. In other words, the price has decreased by -$3.51 from its previous closing price. On the day, 1.27 million shares were traded. ASAN stock price reached its highest trading level at $14.27 during the session, while it also had its lowest trading level at $13.465.
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 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 3250486272 and an Enterprise Value of 2893601280. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 9.80. Its current Enterprise Value per Revenue stands at 4.302 whereas that against EBITDA is -11.419.
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 1.59%, while the 200-Day Moving Average is calculated to be -15.74%.
Shares Statistics:
According to the various share statistics, ASAN traded on average about 2.26M shares per day over the past 3-months and 1357660 shares per day over the past 10 days. A total of 139.24M shares are outstanding, with a floating share count of 81.68M. Insiders hold about 64.19% of the company’s shares, while institutions hold 28.11% stake in the company. Shares short for ASAN as of 1723680000 were 9849126 with a Short Ratio of 4.36, compared to 1721001600 on 13010501. Therefore, it implies a Short% of Shares Outstanding of 9849126 and a Short% of Float of 11.95.
Earnings Estimates
A detailed examination of Asana Inc (ASAN) is currently in progress, with 14.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.02 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.17 and -$0.28 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.02, with 15.0 analysts recommending between $0.12 and -$0.16.
Revenue Estimates
For the next quarter, 14 analysts are estimating revenue of $182.28M. There is a high estimate of $183.8M for the next quarter, whereas the lowest estimate is $178.95M.
A total of 18 analysts have provided revenue estimates for ASAN’s current fiscal year. The highest revenue estimate was $743.14M, while the lowest revenue estimate was $715.04M, resulting in an average revenue estimate of $722.85M. In the same quarter a year ago, actual revenue was $652.5MBased on 17 analysts’ estimates, the company’s revenue will be $827.09M in the next fiscal year. The high estimate is $948.39M and the low estimate is $788.9M.
