Asana Inc (NYSE: ASAN) – Analyst View Looks Different Today

In the last trading session, 1.54 million Asana Inc (NYSE:ASAN) shares changed hands as the company’s beta touched 1.32. With the company’s per share price at $21.84 changed hands at $0.54 or 2.54% during last session, the market valuation stood at $4.80B. ASAN’s last price was a discount, traded about -20.28% off its 52-week high of $26.27. The share price had its 52-week low at $11.32, which suggests the last value was 48.17% up since then. When we look at Asana Inc’s average trading volume, we note the 10-day average is 1.83 million shares, with the 3-month average coming to 2.67 million.

Asana Inc (NYSE:ASAN) trade information

Instantly ASAN was in green as seen at the end of in last trading. With action 13.63%, the performance over the past five days has been green. The jump to weekly highs of 22.13 on Monday, 11/20/23 added 2.54% to the stock’s daily price. The company’s shares are showing year-to-date upside of 58.61%, with the 5-day performance at 13.63% in the green. However, in the 30-day time frame, Asana Inc (NYSE:ASAN) is 18.95% up. Looking at the short shares, we see there were 10.22 million shares sold at short interest cover period of 3.81 days.

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Asana Inc (ASAN) estimates and forecasts

Data shows that the Asana Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.33% over the past 6 months, a 62.50% in annual growth rate that is considerably higher than the industry average of 18.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Asana Inc will rise 57.70%, while the growth in revenue is estimated to hit -6.70% for the next quarter. Year-over-year growth is forecast to reach 18.10% up from the last financial year.

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of $164.14 million. 12 analysts are of the opinion that Asana Inc’s revenue for the quarter ending Jan 2024 will be $166.83 million. The estimates for the next quarter sales put growth at 11.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -58.76%. The 2023 estimates are for Asana Inc earnings to increase by 63.84%.

ASAN Dividends

Asana Inc is expected to release its next quarterly earnings report on December 05. The 1.14% annual yield figure for the share gives it an annual dividend of 0.25. It is important to note, however, that the 1.14% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Asana Inc (NYSE:ASAN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 40.32% of Asana Inc shares while 41.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.47%. There are 41.46% institutions holding the Asana Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 6.54% of the shares, roughly 8.78 million ASAN shares worth $193.51 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.01% or 6.72 million shares worth $148.19 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 2.39 million shares estimated at $52.67 million under it, the former controlled 1.78% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.51% of the shares, roughly 2.03 million shares worth around $44.76 million.

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