Asana Inc [ASAN] stock is trading at $20.21, down -1.03%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASAN shares have gain 7.96% over the last week, with a monthly amount drifted -14.55%, and not 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 December 06, 2024, when KeyBanc Capital Markets upgraded its rating to a Sector Weight. Previously, Scotiabank started tracking the stock with Sector Perform rating on November 19, 2024, and set its price target to $15. On June 03, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $14 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $16 on May 31, 2024. BofA Securities started tracking with a Buy rating for this stock on February 26, 2024, and assigned it a price target of $25.
Asana Inc [ASAN] stock has fluctuated between $11.05 and $27.77 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 $20.21 at the most recent close of the market. An investor can expect a potential drop of -30.73% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
Asana Inc [NYSE:ASAN] reported sales of 706.68M for the trailing twelve months, which represents a growth of 10.44%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.36%, and Net Profit Margin reading is -0.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.87 and Total Capital is -0.55. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
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 19.79 points at the first support level, and at 19.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.65, and for the 2nd resistance point, it is at 21.10.
Ratios To Look Out For
For context, Asana Inc’s Current Ratio is 1.43. Also, the Quick Ratio is 1.43, while the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 6.54, the price to book ratio is 19.31.
Transactions by insiders
Recent insider trading involved LACEY ELEANOR B, GC, Corporate Secretary, that happened on Dec 26 ’24 when 3841.0 shares were sold. GC, Corporate Secretary, LACEY ELEANOR B completed a deal on Dec 20 ’24 to sell 12908.0 shares. Meanwhile, Chief Operating Officer Raimondi Anne sold 27233.0 shares on Dec 20 ’24.
