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The closing price of Asana Inc (NYSE: ASAN) was $14.42 for the day, up 0.91% from the previous closing price of $14.29. In other words, the price has increased by $0.91 from its previous closing price. On the day, 2.53 million shares were traded. ASAN stock price reached its highest trading level at $14.6499 during the session, while it also had its lowest trading level at $14.21.
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 1.66 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:
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 Jul 17 ’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 1,050,284 shares of the business.
LACEY ELEANOR B sold 4,999 shares of ASAN for $64,737 on Jun 24 ’24. The GC, Corporate Secretary now owns 384,150 shares after completing the transaction at $12.95 per share. On Jun 20 ’24, another insider, Wan Tim M, who serves as the Chief Financial Officer of the company, sold 28,856 shares for $11.44 each. As a result, the insider received 330,026 and left with 1,050,284 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 3259612160 and an Enterprise Value of 3046431232. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.89 while its Price-to-Book (P/B) ratio in mrq is 10.28. Its current Enterprise Value per Revenue stands at 4.53 whereas that against EBITDA is -12.022.
Stock Price History:
The Beta on a monthly basis for ASAN is 1.16, which has changed by -0.35509837 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. 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 4.24%, while the 200-Day Moving Average is calculated to be -14.86%.
Shares Statistics:
ASAN traded an average of 2.20M shares per day over the past three months and 1927450 shares per day over the past ten 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 25.97% stake in the company. Shares short for ASAN as of 1719532800 were 14087742 with a Short Ratio of 6.40, compared to 1717113600 on 12577003. Therefore, it implies a Short% of Shares Outstanding of 14087742 and a Short% of Float of 17.09.
