A share price of Asana Inc [ASAN] is currently trading at $18.91, down -1.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASAN shares have gain 8.68% over the last week, with a monthly amount drifted -1.25%, and not seem to be holding up well over a long-time horizon.
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On 1, February 2024, Asana to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on Monday, March 11, 2024. In a post published today on Yahoo Finance, Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced today that it will release financial results for the fourth quarter and fiscal year 2024 on Monday, March 11, after the close of the U.S. markets.
From an analyst’s perspective:
Asana Inc [NYSE: ASAN] stock has seen the most recent analyst activity on February 26, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $25. On December 06, 2023, downgrade downgraded it’s rating to Reduce but maintained its price target of $18 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $16 on October 23, 2023. UBS initiated its recommendation with a Neutral and recommended $20 as its price target on October 12, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 29, 2023, and assigned it a price target of $18. In a note dated June 02, 2023, DA Davidson downgraded an Neutral rating on this stock but restated the target price of $21.
Asana Inc experienced fluctuations in its stock price throughout the past year between $14.32 and $26.27. Currently, Wall Street analysts expect the stock to reach $34.91 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $18.91 at the most recent close of the market. An investor can expect a potential return of 84.61% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
Trailing Twelve Months sales for Asana Inc [NYSE:ASAN] were 631.60M which represents 17.72% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.45%, and Net Profit Margin reading is -0.46%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.85 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
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 18.70 points at the first support level, and at 18.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.14, and for the 2nd resistance point, it is at 19.36.
Asana Inc [ASAN] reported earnings per share of -$0.04 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.07 and a surprise factor of 63.60%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.04 per share as compared to estimates of -$0.11 per share, a difference of $0.07 representing a surprise of 63.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asana Inc [NYSE:ASAN] is 1.82. Further, the Quick Ratio stands at 1.82, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 6.66, the price to book ratio is 12.66.
Transactions by insiders
Insider trading, which has resulted in 1 insider purchases of 5,000 shares and 1 insider sales of 5,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Wan Tim M, Chief Financial Officer, that happened on Dec 22 when 5000.0 shares were sold. Chief Financial Officer, Wan Tim M completed a deal on Dec 21 to sell 5000.0 shares. Meanwhile, Chief Operating Officer Raimondi Anne sold 17045.0 shares on Dec 20.
