Asana Inc [NYSE: ASAN] surged by $0.95 during the normal trading session on while it closed the day at $19.67.
Asana Inc stock has also loss -3.34% of its value over the past 7 days. However, ASAN stock has inclined by 61.23% in the 3 months of the year. Over the past six months meanwhile, it has gained 35.00% and lost -2.96% year-on date.
The market cap for ASAN stock reached $4.50 billion, with 143.16 million shares outstanding and 82.76 million shares in the current float. Compared to the average trading volume of 3.30M shares, ASAN reached a trading volume of 3281030 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 $20.33 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 2.63. 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 1.36, with the Price to Sales ratio for ASAN stock in the period of the last 12 months amounting to 6.37. The Price to Book ratio for the last quarter was 18.79, with the Price to Cash per share for the same quarter was set at 1.99.
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 -3.34. With this latest performance, ASAN shares dropped by -17.46% in over the last four-week period, additionally plugging by 35.00% over the last 6 months – not to mention a rise of 5.87% 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 48.31, with the RSI for the last a single of trading hit 45.25, and the three-weeks RSI is set at 51.00 for Asana Inc [ASAN]. The present Moving Average for the last 50 days of trading for this stock 18.37, while it was recorded at 19.22 for the last single week of trading, and 14.67 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 1.43 and a Current Ratio set at 1.43.
Asana Inc [ASAN]: Institutional Ownership
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%.