Asana Inc [NYSE: ASAN] closed the trading session at $15.08.
The stocks have a year to date performance of -20.67 percent and weekly performance of 4.65 percent. The stock has been moved at -18.31 percent over the last six months. The stock has performed 18.93 percent around the most recent 30 days and changed 0.67 percent over the most recent 3-months.
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If compared to the average trading volume of 2.19M shares, ASAN reached to a volume of 2952482 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 $16.93 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 2.68. 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.
HSBC Securities have made an estimate for Asana Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 03, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $18 to $16. The new note on the price target was released on May 31, 2024, representing the official price target for Asana Inc stock. Previously, the target price had yet another raise to $14, while KeyBanc Capital Markets analysts kept a Underweight rating on ASAN stock.
The Average True Range (ATR) for Asana Inc is set at 0.65, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 5.11. The Price to Book ratio for the last quarter was 10.75, with the Price to Cash per share for the same quarter was set at 2.30.
ASAN stock trade performance evaluation
Asana Inc [ASAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.65. With this latest performance, ASAN shares gained by 18.93% in over the last four-week period, additionally sinking by -18.31% over the last 6 months – not to mention a drop of -30.51% 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 63.62, with the RSI for the last a single of trading hit 68.86, and the three-weeks RSI is set at 59.27 for Asana Inc [ASAN]. The present Moving Average for the last 50 days of trading for this stock 13.80, while it was recorded at 14.47 for the last single week of trading, and 16.90 for the last 200 days.
Asana Inc [ASAN]: An insightful look at the core fundamentals
Asana Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.66 and a Current Ratio set at 1.66.
Asana Inc [ASAN]: Institutional Ownership
The top three institutional holders of ASAN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ASAN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ASAN stock with ownership which is approximately 5.1238%.
