Asana Inc. [ASAN] fell -42.56% so far this year. What now?


Asana Inc. [NYSE: ASAN] price plunged by -0.79 percent to reach at -$0.34. The company report on March 21, 2022 that Asana to Present at Upcoming Investor Events.

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Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for teams, today announced that Asana’s executives will present at the following investor events:.

Wolfe Research Virtual “March Madness” Software Conference, March 22, 2022 at 9:30 a.m. PT / 12:30 p.m. ET.

A sum of 6373073 shares traded at recent session while its average daily volume was at 4.92M shares. Asana Inc. shares reached a high of $45.8488 and dropped to a low of $40.78 until finishing in the latest session at $42.82.

The one-year ASAN stock forecast points to a potential upside of 25.75. The average equity rating for ASAN stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Asana Inc. [ASAN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASAN shares is $57.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASAN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Asana Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 10, 2022. While these analysts kept the previous recommendation, Oppenheimer dropped their target price from $115 to $100. The new note on the price target was released on January 12, 2022, representing the official price target for Asana Inc. stock. Previously, the target price had yet another raise to $65, while DA Davidson analysts kept a Neutral rating on ASAN stock. On December 03, 2021, analysts decreased their price target for ASAN shares from 143 to 103.

The Average True Range (ATR) for Asana Inc. is set at 6.22, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 18.74. The Price to Book ratio for the last quarter was 31.96, with the Price to Cash per share for the same quarter was set at 2.07.

ASAN Stock Performance Analysis:

Asana Inc. [ASAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.90. With this latest performance, ASAN shares dropped by -32.18% in over the last four-week period, additionally sinking by -62.37% over the last 6 months – not to mention a rise of 45.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASAN stock in for the last two-week period is set at 44.88, with the RSI for the last a single of trading hit 47.79, and the three-weeks RSI is set at 43.74 for Asana Inc. [ASAN]. The present Moving Average for the last 50 days of trading for this stock 52.27, while it was recorded at 41.22 for the last single week of trading, and 79.69 for the last 200 days.

Insight into Asana Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Asana Inc. [ASAN] shares currently have an operating margin of -70.07 and a Gross Margin at +89.72. Asana Inc.’s Net Margin is presently recorded at -76.19.

Return on Equity for this stock declined to -301.85, with Return on Assets sitting at -40.10.

Asana Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Asana Inc. [ASAN] Insider Position Details

There are presently around $2,551 million, or 67.50% of ASAN stock, in the hands of institutional investors. The top three institutional holders of ASAN stocks are: VANGUARD GROUP INC with ownership of 7,309,015, which is approximately 4.079% of the company’s market cap and around 25.30% of the total institutional ownership; BLACKROCK INC., holding 6,121,980 shares of the stock with an approximate value of $264.23 million in ASAN stocks shares; and CHAMPLAIN INVESTMENT PARTNERS, LLC, currently with $194.81 million in ASAN stock with ownership of nearly 8.374% of the company’s market capitalization.

Positions in Asana Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 204 institutional holders increased their position in Asana Inc. [NYSE:ASAN] by around 11,767,940 shares. Additionally, 195 investors decreased positions by around 9,389,691 shares, while 32 investors held positions by with 37,958,716 shares. The mentioned changes placed institutional holdings at 59,116,347 shares, according to the latest SEC report filing. ASAN stock had 107 new institutional investments in for a total of 5,097,356 shares, while 86 institutional investors sold positions of 1,167,588 shares during the same period.