Asana Inc. [ASAN] fell -76.12% so far this year. What now?


Asana Inc. [NYSE: ASAN] plunged by -$0.41 during the normal trading session on Wednesday and reaching a high of $18.38 during the day while it closed the day at $17.80. The company report on June 22, 2022 that Asana Announces Inaugural Environmental, Social, and Governance Report.

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Today Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for teams, announced its inaugural environmental, social, and governance (ESG) report.

This press release features multimedia. View the full release here:

Asana Inc. stock has also loss -7.34% of its value over the past 7 days. However, ASAN stock has declined by -49.14% in the 3 months of the year. Over the past six months meanwhile, it has lost -71.09% and lost -76.12% year-on date.

The market cap for ASAN stock reached $3.40 billion, with 189.59 million shares outstanding and 71.38 million shares in the current float. Compared to the average trading volume of 4.21M shares, ASAN reached a trading volume of 3302485 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $37.64 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 2.20. 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 1.91, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 8.06. The Price to Book ratio for the last quarter was 21.71, with the Price to Cash per share for the same quarter was set at 1.47.

ASAN stock trade performance evaluation

Asana Inc. [ASAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.34. With this latest performance, ASAN shares dropped by -11.09% in over the last four-week period, additionally sinking by -71.09% over the last 6 months – not to mention a drop of -74.12% 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 42.53, with the RSI for the last a single of trading hit 40.80, and the three-weeks RSI is set at 42.54 for Asana Inc. [ASAN]. The present Moving Average for the last 50 days of trading for this stock 21.01, while it was recorded at 19.13 for the last single week of trading, and 60.70 for the last 200 days.

Asana Inc. [ASAN]: An insightful look at the core 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 1.40 and a Current Ratio set at 1.40.

Asana Inc. [ASAN]: Insider Ownership positions

There are presently around $1,079 million, or 57.70% of ASAN stock, in the hands of institutional investors. The top three institutional holders of ASAN stocks are: VANGUARD GROUP INC with ownership of 6,425,503, which is approximately -12.088% of the company’s market cap and around 23.60% of the total institutional ownership; BLACKROCK INC., holding 6,135,765 shares of the stock with an approximate value of $111.73 million in ASAN stocks shares; and CHAMPLAIN INVESTMENT PARTNERS, LLC, currently with $103.95 million in ASAN stock with ownership of nearly 26.466% of the company’s market capitalization.

Positions in Asana Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 160 institutional holders increased their position in Asana Inc. [NYSE:ASAN] by around 11,951,355 shares. Additionally, 179 investors decreased positions by around 9,940,128 shares, while 48 investors held positions by with 37,386,286 shares. The mentioned changes placed institutional holdings at 59,277,769 shares, according to the latest SEC report filing. ASAN stock had 48 new institutional investments in for a total of 1,263,549 shares, while 88 institutional investors sold positions of 3,935,546 shares during the same period.