Asana Inc. [ASAN] Stock Looks Poised to Climb Further

Asana Inc. [ASAN] has traded in a range of $20.57 to $29.96 in the last 1 year. As of this writing, the stock is at $29.70, up 12.08%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, ASAN shares are 6.26% up with the monthly amount drift of 29.30% and seems well in a long time frame.

On 2, December 2020, Asana Named One of the 2020 Best Workplaces for Parents by Great Place to Work® and Fortune. According to news published on Yahoo Finance, Great Place to Work® has honored leading work management platform Asana, Inc. (NYSE: ASAN), as one of the Best Workplaces for Parents in the U.S. In its ranking, Asana was recognized for its industry leading approach to providing a best in class experience for working parents and caregivers, and creating a people-first culture supporting all employees in light of the difficult challenges they’ve faced this year.

Analyst Birdseye View:

The most recent analyst activity for Asana Inc. [NYSE:ASAN] stock was on November 10, 2020, when it was Initiated with a Buy rating from Berenberg, which also raised its 12-month price target on the stock to $30. Before that, on December 02, 2020, Piper Sandler Recapitulated an Overweight rating and elevated its amount target to $33. On October 26, 2020, RBC Capital Mkts Initiated an Outperform rating and boosted its price target on this stock to $30. On October 26, 2020, Piper Sandler Initiated a Neutral rating and increased its price target to $25. On October 26, 2020, Oppenheimer Initiated an Outperform rating and increased its price target to $30. On October 26, 2020, Morgan Stanley Initiated an Equal-weight rating and boosted its amount on this stock to $27. On October 26, 2020, KeyBanc Capital Markets Initiated a Sector weight rating. On October 26, 2020, JP Morgan Initiated a Neutral rating and amplified its amount target to $25.

In the past 52 weeks of trading, this stock has oscillated between a low of $20.57 and a peak of $29.96. Right now, according to Wall Street analyst the average 12-month amount target is $27.80. At the most recent market close, shares of Asana Inc. [NYSE:ASAN] were valued at $29.70. According to the average price forecast, investors can expect a potential return of 7.33%.

FUNDAMENTAL ANALYSIS

Asana Inc. [NYSE:ASAN] most recently reported quarterly sales of 52.02 billion, which represented growth of 57.10%. This publicly-traded organization’s revenue is $203,432 per employee, while its income is -$169,171 per employee. This company’s Gross Margin is currently 86.60%, its Operating Margin is -83.30%, its Pretax Margin is -82.99, and its Net Margin is -83.16. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -44.30, -135.82, -59.84 and -61.10 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 68.14 and the whole liability to whole assets at 53.40. It shows enduring liability to the whole principal at 64.63 and enduring liability to assets at 0.51 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 28.46 points at 1st support level, the second support level is making up to 27.23. But as of 1st resistance point, this stock is sitting at 30.60 and at 31.51 for 2nd resistance point.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Asana Inc. [NYSE:ASAN] is 4.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 3.51.

Insider Stories

The most recent insider trade was by LACEY ELEANOR B, GC, Corporate Secretary, and it was the sale of 1602.0 shares on Oct 07. LACEY ELEANOR B, the GC, Corporate Secretary, completed a sale of 5000.0 shares on Oct 06. On Oct 05, LACEY ELEANOR B, GC, Corporate Secretary, completed a sale of 3398.0 shares.