At the time of writing, Asana Inc [ASAN] stock is trading at $21.98, up 9.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.
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.
For the past year, the stock price of Asana Inc fluctuated between $11.05 and $27.77. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Asana Inc [NYSE: ASAN] shares were valued at $21.98 at the most recent close of the market. An investor can expect a potential drop of -36.31% based on the average ASAN price forecast.
Analyzing the ASAN fundamentals
According to Asana Inc [NYSE:ASAN], the company’s sales were 706.68M for trailing twelve months, which represents an 10.44% jump. 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 20.17 points at the first support level, and at 18.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.94, and for the 2nd resistance point, it is at 23.89.
Ratios To Look Out For
It is important to note that Asana Inc [NYSE:ASAN] has a current ratio of 1.43. As well, the Quick Ratio is 1.43, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 7.11, the price to book ratio is 21.00.
Transactions by insiders
Recent insider trading involved JUSTIN ROSENSTEIN, Director, that happened on Jan 28 ’25 when 0.35 million shares were purchased. Director, Rosenstein Justin completed a deal on Jan 23 ’25 to sell 0.15 million shares. Meanwhile, Director JUSTIN ROSENSTEIN bought 0.3 million shares on Jan 23 ’25.
