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After finishing at $13.78 in the prior trading day, Asana Inc (NYSE: ASAN) closed at $13.93, up 1.09%. In other words, the price has increased by $1.09 from its previous closing price. On the day, 1.35 million shares were traded. ASAN stock price reached its highest trading level at $14.01 during the session, while it also had its lowest trading level at $13.67.
Ratios:
Our goal is to gain a better understanding of ASAN by taking a closer look at its different 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 this company, Scotiabank on November 19, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $15.
On June 03, 2024, HSBC Securities Upgraded its rating to Hold which previously was Reduce and also lowered its target price recommendation from $16 to $14.
Piper Sandler Upgraded its Underweight to Neutral on May 31, 2024, whereas the target price for the stock was revised from $18 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when Wan Tim M bought 19,000 shares for $13.90 per share.
LACEY ELEANOR B sold 9,308 shares of ASAN for $111,603 on Sep 20 ’24. The GC, Corporate Secretary now owns 375,310 shares after completing the transaction at $11.99 per share. On Sep 23 ’24, another insider, LACEY ELEANOR B, who serves as the GC, Corporate Secretary of the company, sold 4,977 shares for $11.79 each. As a result, the insider received 58,662 and left with 370,333 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 3144098816 and an Enterprise Value of 2931902464. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.61 while its Price-to-Book (P/B) ratio in mrq is 10.95. Its current Enterprise Value per Revenue stands at 4.253 whereas that against EBITDA is -11.227.
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 12.14%, while the 200-Day Moving Average is calculated to be -2.18%.
Shares Statistics:
The stock has traded on average 1.82M shares per day over the past 3-months and 1685570 shares per day over the last 10 days, according to various share statistics. A total of 139.24M shares are outstanding, with a floating share count of 82.35M. Insiders hold about 63.91% of the company’s shares, while institutions hold 25.83% stake in the company. Shares short for ASAN as of 1730332800 were 9029637 with a Short Ratio of 4.97, compared to 1727654400 on 8312647. Therefore, it implies a Short% of Shares Outstanding of 9029637 and a Short% of Float of 10.95.
