Asana Inc [ASAN] stock is trading at $15.83, up 4.28%. 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 2.66% over the last week, with a monthly amount glided 25.93%, and seem to be holding up well over a long-time horizon.
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 [ASAN] stock has fluctuated between $11.05 and $23.44 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $15.83 at the most recent close of the market. An investor can expect a potential drop of -11.56% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
Asana Inc [NYSE:ASAN] reported sales of 689.30M for the trailing twelve months, which represents a growth of 10.31%. 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 15.53 points at the first support level, and at 15.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.01, and for the 2nd resistance point, it is at 16.20.
Ratios To Look Out For
For context, Asana Inc’s Current Ratio is 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 5.24, the price to book ratio is 12.44.
Transactions by insiders
Recent insider trading involved Wan Tim M, Officer, that happened on Nov 25 ’24 when 25000.0 shares were purchased. Officer, Wan Tim M completed a deal on Nov 06 ’24 to buy 19000.0 shares. Meanwhile, GC, Corporate Secretary LACEY ELEANOR B sold 9308.0 shares on Sep 20 ’24.
