This is What Makes Asana Inc. Stocks A Gamechanger?

Asana Inc. [ASAN] stock prices are up down -3.15% to $23.09 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASAN shares have lost -8.30% over the last week, with a monthly amount glided 15.10%, and seem to be holding up well over a long-time horizon.

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On 9, September 2022, Asana to Present at Upcoming Investor Events. In a post published today on Yahoo Finance, Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for organizations, today announced that Asana’s chief financial officer, Tim Wan, will present at the following investor events:.

From an analyst’s perspective:

Asana Inc. [NYSE: ASAN] stock has seen the most recent analyst activity on September 01, 2022, when Citigroup initiated its Neutral rating and assigned the stock a price target of $23. Previously, RBC Capital Mkts downgraded its rating to Underperform on July 19, 2022, and dropped its price target to $13. On March 10, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $32 on the stock. Oppenheimer reiterated its Outperform rating and decreased its price target to $100 on January 12, 2022. DA Davidson initiated its recommendation with a Neutral and recommended $65 as its price target on January 05, 2022. KeyBanc Capital Markets reiterated a Overweight rating for this stock on December 03, 2021, and downed its price target to $103. In a note dated December 03, 2021, JMP Securities reiterated an Mkt Outperform rating on this stock and boosted its target price from $85 to $95.

The stock price of Asana Inc. [ASAN] has been fluctuating between $16.19 and $145.79 over the past year. Currently, Wall Street analysts expect the stock to reach $28.52 within the next 12 months. Asana Inc. [NYSE: ASAN] shares were valued at $23.09 at the most recent close of the market. An investor can expect a potential return of 23.52% based on the average price forecast.

Analyzing the ASAN fundamentals

The most recent quarter, Asana Inc. [NYSE:ASAN] reported sales of 120.65 billion, representing a surge of 50.70%. Gross Margin for this corporation currently stands at +89.72% with Operating Margin at -70.07%, Pretax Margin comes in at -75.34%, and Net Margin reading is -76.19%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.33 points at the first support level, and at 21.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.35, and for the 2nd resistance point, it is at 25.62.

Asana Inc. [ASAN] reported earnings per share of -$0.3 for its fiscal quarter that ended on 4/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.36/share, meaning a difference of $0.06 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 1/30/2022 were -$0.25 per share as compared to estimates of -$0.28 per share, a difference of $0.03 representing a surprise of 10.70%.

Ratios To Look Out For

It’s worth pointing out that Asana Inc. [NYSE:ASAN]’s Current Ratio is 1.20. Also, the Quick Ratio is 1.57, while the Cash Ratio stands at 1.22. Considering the valuation of this stock, the price to sales ratio is 24.46, the price to book ratio is 48.48.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 6 insider buyings of 23,674 shares and 2 insider sellings of 4,452 shares. Recent insider trading involved LACEY ELEANOR B, GC, Corporate Secretary, that happened on Sep 16 when 377.0 shares were sold. President, CEO, & Chair, Moskovitz Dustin A. completed a deal on Sep 07 to buy 19.27 million shares. Meanwhile, Chief Financial Officer Wan Tim M sold 3203.0 shares on Jun 22.