Asana Inc (NYSE:ASAN) has a beta value of 1.17 and has seen 2.63 million shares traded in the recent trading session. The company, currently valued at $2.79B, closed the recent trade at $12.23 per share which meant it lost -$1.06 on the day or -7.97% during that session. The ASAN stock price is -91.66% off its 52-week high price of $23.44 and 7.69% above the 52-week low of $11.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.59 million shares traded. The 3-month trading volume is 2.11 million shares.

The consensus among analysts is that Asana Inc (ASAN) is Buy stock at the moment, with a recommendation rating of 2.74. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 19 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.

Asana Inc (NYSE:ASAN) trade information

Sporting -7.97% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ASAN stock price touched $12.23 or saw a rise of 14.77%. Year-to-date, Asana Inc shares have moved -35.66%, while the 5-day performance has seen it change -14.17%. Over the past 30 days, the shares of Asana Inc (NYSE:ASAN) have changed -3.47%. Short interest in the company has seen 9.85 million shares shorted with days to cover at 5.02.

Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 32.06% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $88.0. In that case, then, we find that the latest price level in today’s session is -619.54% off the targeted high while a plunge would see the stock lose 18.23% from the levels at last check today.

Asana Inc (ASAN) estimates and forecasts

Figures show that Asana Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -33.20% over the past 6 months, with this year growth rate of 0.00%, compared to 16.90% for the industry. Revenue growth from the last financial year stood is estimated to be 10.80%.

14 analysts offering their estimates for the company have set an average revenue estimate of 182.28M for the current quarter. 14 have an estimated revenue figure of 188.99M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -29.44% over the past 5 years.

ASAN Dividends

Asana Inc is expected to release its next earnings report on 2024-Dec-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Asana Inc (NYSE:ASAN)’s Major holders

Insiders own 41.97% of the company shares, while shares held by institutions stand at 45.22% with a share float percentage of 77.93%. Investors are also buoyed by the number of investors in a company, with Asana Inc having a total of 297.0 institutions that hold shares in the company. The top two institutional holders are VOYA INVESTMENT MANAGEMENT LLC with over 11.61 million shares worth more than $162.45 million. As of 2024-06-30, VOYA INVESTMENT MANAGEMENT LLC held 5.1138% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $141.36 million and represent 4.4498% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Mar 31, 2024, the former fund manager holds about 1.78% shares in the company for having 2.55 shares of worth $31.18 million while later fund manager owns 2.21 shares of worth $27.13 million as of Jul 31, 2024, which makes it owner of about 1.55% of company’s outstanding stock.