Asana Inc [NYSE: ASAN] gained 12.08% on the last trading session, reaching $24.87 price per share at the time.
If compared to the average trading volume of 2.16M shares, ASAN reached a trading volume of 15122076 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $17.93 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 2.78. 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.
KeyBanc Capital Markets have made an estimate for Asana Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on December 06, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Perform. The new note on the price target was released on November 19, 2024, representing the official price target for Asana Inc stock. Previously, the target price had yet another drop from $16 to $14, while HSBC Securities kept a Hold rating on ASAN stock. On May 31, 2024, analysts decreased their price target for ASAN shares from 18 to 16.
The Average True Range (ATR) for Asana Inc is set at 1.17, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 11.55. The Price to Book ratio for the last quarter was 23.76, with the Price to Cash per share for the same quarter was set at 1.39.
Trading performance analysis for ASAN stock
Asana Inc [ASAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 64.48. With this latest performance, ASAN shares gained by 77.01% in over the last four-week period, additionally plugging by 85.18% over the last 6 months – not to mention a rise of 32.85% 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 89.46, with the RSI for the last a single of trading hit 92.22, and the three-weeks RSI is set at 86.46 for Asana Inc [ASAN]. The present Moving Average for the last 50 days of trading for this stock 13.57, while it was recorded at 18.71 for the last single week of trading, and 14.12 for the last 200 days.
Asana Inc [ASAN]: A deeper dive into fundamental analysis
Asana Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.43 and a Current Ratio set at 1.43.
Asana Inc [ASAN]: An earnings per share (EPS) analysis
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 -0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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.
An analysis of Institutional ownership at Asana Inc [ASAN]
There are presently around $41.99%, or 72.86%% 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 11.6 million shares, which is approximately 5.0497%. 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%.
