Asana Inc [NYSE: ASAN] stock went on a downward path that fall over -5.12% on Wednesday, amounting to a one-week price decrease of less than -11.51%.
Over the last 12 months, ASAN stock dropped by -41.70%. The one-year Asana Inc stock forecast points to a potential upside of 10.63. The average equity rating for ASAN stock is currently 2.74, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.88 billion, with 139.24 million shares outstanding and 81.68 million shares in the current float. Compared to the average trading volume of 2.11M shares, ASAN stock reached a trading volume of 5548159 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $14.11 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 2.74. 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 0.71, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 4.17. The Price to Book ratio for the last quarter was 9.91, with the Price to Cash per share for the same quarter was set at 2.29.
ASAN Stock Performance Analysis:
Asana Inc [ASAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.51. With this latest performance, ASAN shares dropped by -0.47% in over the last four-week period, additionally sinking by -31.13% over the last 6 months – not to mention a drop of -41.70% 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 40.52, with the RSI for the last a single of trading hit 35.71, and the three-weeks RSI is set at 42.96 for Asana Inc [ASAN]. The present Moving Average for the last 50 days of trading for this stock 13.67, while it was recorded at 13.55 for the last single week of trading, and 16.16 for the last 200 days.
Insight into Asana Inc Fundamentals:
Asana Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.57 and a Current Ratio set at 1.57.
ASAN Stock EPS
With the latest financial reports released by the company, Asana Inc posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASAN.
Asana Inc [ASAN] Institutonal Ownership Details
There are presently around $45.22%, or 77.93%% of ASAN stock, in the hands of institutional investors. The top three institutional holders of ASAN stocks are: VOYA INVESTMENT MANAGEMENT LLC with ownership of 11.61 million shares, which is approximately 5.1138%. VANGUARD GROUP INC, holding 10.1 million shares of the stock with an approximate value of $$141.36 million in ASAN stocks shares; and VANGUARD GROUP INC, currently with $$97.67 million in ASAN stock with ownership which is approximately 3.0745%.
