A share price of Asana Inc [ASAN] is currently trading at $14.57, up 4.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASAN shares have gain 11.48% over the last week, with a monthly amount glided 17.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Asana Inc [NYSE: ASAN] stock has seen the most recent analyst activity on June 03, 2024, when HSBC Securities upgraded its rating to a Hold and also revised its price target to $14 from $16. Previously, Piper Sandler upgraded its rating to Neutral on May 31, 2024, and dropped its price target to $16. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $25 on February 26, 2024. HSBC Securities downgraded its rating to Reduce for this stock on December 06, 2023, but kept the price target unchanged to $18. In a note dated October 23, 2023, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $24 to $16.
Asana Inc experienced fluctuations in its stock price throughout the past year between $11.29 and $24.81. Currently, Wall Street analysts expect the stock to reach $27.32 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $14.57 at the most recent close of the market. An investor can expect a potential return of 87.51% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
Trailing Twelve Months sales for Asana Inc [NYSE:ASAN] were 672.54M which represents 13.15% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.38%, 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 -0.79 and Total Capital is -0.46. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 14.07 points at the first support level, and at 13.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.01, and for the 2nd resistance point, it is at 15.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asana Inc [NYSE:ASAN] is 1.66. On the other hand, the Quick Ratio is 1.66, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 4.94, the price to book ratio is 10.39.
Transactions by insiders
Recent insider trading involved LACEY ELEANOR B, GC, Corporate Secretary, that happened on Jun 24 ’24 when 4999.0 shares were sold. Chief Financial Officer, Wan Tim M completed a deal on Jun 20 ’24 to sell 28856.0 shares. Meanwhile, Chief Operating Officer Raimondi Anne sold 26588.0 shares on Jun 20 ’24.
