Asana Inc. [NYSE: ASAN] jumped around 0.8 points on Tuesday, while shares priced at $13.05 at the close of the session, up 6.53%. The company report on December 1, 2022 that Asana Announces Record Third Quarter Fiscal 2023 Revenues.
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Third quarter revenue growth up 41% year over year.
Revenues from customers spending $5,000 or more on an annualized basis grew 52% year over year.
Asana Inc. stock is now -5.23% down from its year-to-date (YTD) trading value. ASAN Stock saw the intraday high of $13.07 and lowest of $11.8614 per share. The company’s 52-week high price is 74.89, which means current price is +15.28% above from all time high which was touched on 01/03/23.
Compared to the average trading volume of 3.68M shares, ASAN reached a trading volume of 3730346 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $20.36 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 2.80. 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.
Robert W. Baird have made an estimate for Asana Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 02, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on October 13, 2022, representing the official price target for Asana Inc. stock. Previously, the target price had yet another raise to $23, while Credit Suisse analysts kept a Neutral rating on ASAN stock.
The Average True Range (ATR) for Asana Inc. is set at 1.12, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 5.62. The Price to Book ratio for the last quarter was 6.76, with the Price to Cash per share for the same quarter was set at 2.49.
How has ASAN stock performed recently?
Asana Inc. [ASAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.51. With this latest performance, ASAN shares dropped by -8.36% in over the last four-week period, additionally sinking by -28.34% over the last 6 months – not to mention a drop of -78.68% 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 42.82, with the RSI for the last a single of trading hit 46.42, and the three-weeks RSI is set at 41.78 for Asana Inc. [ASAN]. The present Moving Average for the last 50 days of trading for this stock 16.15, while it was recorded at 12.55 for the last single week of trading, and 21.77 for the last 200 days.
Asana Inc. [ASAN]: Deeper insight into the 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 2.10 and a Current Ratio set at 2.10.
Insider trade positions for Asana Inc. [ASAN]
There are presently around $767 million, or 48.10% of ASAN stock, in the hands of institutional investors. The top three institutional holders of ASAN stocks are: HIMENSION CAPITAL (SINGAPORE) PTE. LTD. with ownership of 7,536,622, which is approximately 78.113% of the company’s market cap and around 31.60% of the total institutional ownership; VANGUARD GROUP INC, holding 6,857,364 shares of the stock with an approximate value of $89.49 million in ASAN stocks shares; and BLACKROCK INC., currently with $81.89 million in ASAN stock with ownership of nearly -1.53% of the company’s market capitalization.
Positions in Asana Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 115 institutional holders increased their position in Asana Inc. [NYSE:ASAN] by around 12,822,674 shares. Additionally, 113 investors decreased positions by around 7,886,995 shares, while 52 investors held positions by with 38,064,171 shares. The mentioned changes placed institutional holdings at 58,773,840 shares, according to the latest SEC report filing. ASAN stock had 45 new institutional investments in for a total of 2,095,339 shares, while 39 institutional investors sold positions of 3,106,731 shares during the same period.