Currently, Asana Inc [ASAN] is trading at $14.34, up 0.42%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASAN shares have gain 10.31% over the last week, with a monthly amount glided 17.54%, 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.
This stock has fluctuated between a low of $11.05 and a high of $23.44 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $25.05 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $14.34 at the most recent close of the market. An investor can expect a potential return of 74.69% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
Trailing Twelve Months sales for Asana Inc [NYSE:ASAN] were 689.30M which represents 10.31% 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 -0.37%, 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 14.10 points at the first support level, and at 13.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.54, and for the 2nd resistance point, it is at 14.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asana Inc [NYSE:ASAN] is 1.57. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 4.75, the price to book ratio is 11.27.
Transactions by insiders
Recent insider trading involved Wan Tim M, Officer, that happened on Nov 06 ’24 when 19000.0 shares were purchased. GC, Corporate Secretary, LACEY ELEANOR B completed a deal on Sep 20 ’24 to sell 9308.0 shares. Meanwhile, GC, Corporate Secretary LACEY ELEANOR B sold 4977.0 shares on Sep 23 ’24.
