At the time of writing, Asana Inc [ASAN] stock is trading at $12.78, up 7.04%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ASAN shares have gain 7.85% over the last week, with a monthly amount glided 14.11%, 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.
For the past year, the stock price of Asana Inc fluctuated between $11.05 and $23.44. Currently, Wall Street analysts expect the stock to reach $25.05 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $12.78 at the most recent close of the market. An investor can expect a potential return of 96.01% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
According to Asana Inc [NYSE:ASAN], the company’s sales were 689.30M for trailing twelve months, which represents an 10.31% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.82 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 12.18 points at the first support level, and at 11.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.17, and for the 2nd resistance point, it is at 13.56.
Ratios To Look Out For
It is important to note that Asana Inc [NYSE:ASAN] has a current ratio of 1.57. In addition, the Quick Ratio stands at 1.57 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 10.05.
Transactions by insiders
Recent insider trading involved LACEY ELEANOR B, GC, Corporate Secretary, that happened on Sep 20 ’24 when 9308.0 shares were sold. GC, Corporate Secretary, LACEY ELEANOR B completed a deal on Sep 23 ’24 to sell 4977.0 shares. Meanwhile, Chief Operating Officer Raimondi Anne sold 29807.0 shares on Sep 20 ’24.
