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The closing price of Asana Inc (NYSE: ASAN) was $11.89 for the day, down -0.25% from the previous closing price of $11.92. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 2.08 million shares were traded. ASAN stock price reached its highest trading level at $11.96 during the session, while it also had its lowest trading level at $11.64.
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 23 ’24 when ELEANOR LACEY bought 4,977 shares for $11.79 per share.
Wan Tim M bought 125,000 shares of ASAN for $1,458,750 on Sep 13 ’24. On Sep 11 ’24, another insider, Wan Tim M, who serves as the Officer of the company, bought 30,000 shares for $11.45 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 2712870144 and an Enterprise Value of 2473292032. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.94 while its Price-to-Book (P/B) ratio in mrq is 9.35. Its current Enterprise Value per Revenue stands at 3.588 whereas that against EBITDA is -9.471.
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 -10.73%, while the 200-Day Moving Average is calculated to be -23.75%.
Shares Statistics:
ASAN traded an average of 2.22M shares per day over the past three months and 2353640 shares per day over the past ten days. A total of 139.24M shares are outstanding, with a floating share count of 81.72M. Insiders hold about 64.19% of the company’s shares, while institutions hold 27.91% stake in the company. Shares short for ASAN as of 1724976000 were 9486448 with a Short Ratio of 4.27, compared to 1722384000 on 10296016. Therefore, it implies a Short% of Shares Outstanding of 9486448 and a Short% of Float of 11.5.
