In last trading session, Asana Inc. (NYSE:ASAN) saw 5.52 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $23.09 trading at -$0.75 or -3.15% at ring of the bell on the day assigns it a market valuation of $4.71B. That closing price of ASAN’s stock is at a discount of -531.4% from its 52-week high price of $145.79 and is indicating a premium of 29.88% from its 52-week low price of $16.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.88 million shares which gives us an average trading volume of 3.82 million if we extend that period to 3-months.
For Asana Inc. (ASAN), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 13 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.39 in the current quarter.
Asana Inc. (NYSE:ASAN) trade information
Upright in the red during last session for losing -3.15%, in the last five days ASAN remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $23.09 price level, adding 12.57% to its value on the day. Asana Inc.’s shares saw a change of -69.03% in year-to-date performance and have moved -8.30% in past 5-day. Asana Inc. (NYSE:ASAN) showed a performance of 15.10% in past 30-days. Number of shares sold short was 13.29 million shares which calculate 4.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $28.52 to the stock, which implies a rise of 19.04% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -86.23% in reaching the projected high whereas dropping to the targeted low would mean a gain of 35.04% for stock’s current value.
Asana Inc. (ASAN) estimates and forecasts
Statistics highlight that Asana Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -46.08% of value to its shares in past 6 months, showing an annual growth rate of -35.87% while that of industry is 2.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -69.60% in the current quarter and calculating -43.50% decrease in the next quarter. This year revenue growth is estimated to rise 42.00% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $127.62 million for the same. And 9 analysts are in estimates of company making revenue of $138.16 million in the next quarter that will end on Oct 2022.
Asana Inc. is more likely to be releasing its next quarterly report between March 08 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Asana Inc. (NYSE:ASAN)’s Major holders
Insiders are in possession of 30.69% of company’s total shares while institution are holding 57.73 percent of that, with stock having share float percentage of 83.29%. Investors also watch the number of corporate investors in a company very closely, which is 57.73% institutions for Asana Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at ASAN for having 6.43 million shares of worth $256.83 million. And as of Mar 30, 2022, it was holding 6.13% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 6.14 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 5.86% of outstanding shares, having a total worth of $245.25 million.
On the other hand, Advisors Inner Circle Fund II-Champlain Mid Cap Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 2.5 million shares of worth $99.92 million or 2.39% of the total outstanding shares. The later fund manager was in possession of 1.83 million shares on Mar 30, 2022, making its stake of worth around $73.11 million in the company or a holder of 1.75% of company’s stock.