A share price of Asana Inc [ASAN] is currently trading at $14.72, up 5.67%. 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 3.23% over the last week, with a monthly amount glided 25.17%, 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 November 19, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $15. Previously, HSBC Securities upgraded its rating to Hold on June 03, 2024, and dropped its price target to $14. On May 31, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $16 on the stock. BofA Securities initiated its recommendation with a Buy and recommended $25 as its price target on February 26, 2024. In a note dated December 06, 2023, HSBC Securities downgraded an Reduce rating on this stock but restated the target price of $18.
Asana Inc experienced fluctuations in its stock price throughout the past year 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 $14.72 at the most recent close of the market. An investor can expect a potential return of 70.18% 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 14.19 points at the first support level, and at 13.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.07, and for the 2nd resistance point, it is at 15.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Asana Inc [NYSE:ASAN] is 1.57. As well, the Quick Ratio is 1.57, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 4.87, the price to book ratio is 11.57.
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.
