At the time of writing, Asana Inc [ASAN] stock is trading at $15.08, up 3.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASAN shares have gain 10.96% over the last week, with a monthly amount drifted -2.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities started tracking the stock with Buy rating on February 26, 2024, and set its price target to $25. HSBC Securities downgraded its rating to a Reduce but stick to its price target of $18 on December 06, 2023. Piper Sandler downgraded its rating to a Underweight and reduced its price target to $16 on October 23, 2023. UBS started tracking with a Neutral rating for this stock on October 12, 2023, and assigned it a price target of $20. In a note dated September 29, 2023, HSBC Securities initiated an Hold rating and provided a target price of $18 on this stock.
For the past year, the stock price of Asana Inc fluctuated between $13.34 and $26.27. Currently, Wall Street analysts expect the stock to reach $27.06 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $15.08 at the most recent close of the market. An investor can expect a potential return of 79.44% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
According to Asana Inc [NYSE:ASAN], the company’s sales were 652.50M for trailing twelve months, which represents an 13.91% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.41%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.77 and Total Capital is -0.45. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 14.61 points at the first support level, and at 14.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.40, and for the 2nd resistance point, it is at 15.72.
Asana Inc [ASAN] reported earnings per share of -$0.04 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.06 and a surprise factor of 60.00%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 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
It is important to note that Asana Inc [NYSE:ASAN] has a current ratio of 1.74. As well, the Quick Ratio is 1.74, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 5.20, the price to book ratio is 10.38.
Transactions by insiders
Recent insider trading involved Wan Tim M, CHIEF FINANCIAL OFFICER, that happened on Apr 26 ’24 when 10000.0 shares were sold. CHIEF FINANCIAL OFFICER, Wan Tim M completed a deal on Apr 24 ’24 to sell 10000.0 shares. Meanwhile, GC, CORPORATE SECRETARY LACEY ELEANOR B sold 4462.0 shares on Apr 01 ’24.
