In recent trading session, Asana Inc (NYSE:ASAN) saw 2.28 million shares changing hands at last check today with its beta currently measuring 1.05. Company’s recent per share price level of $21.78 trading at -$0.59 or -2.64% at last check today assigns it a market valuation of $4.98B. That most recent trading price of ASAN’s stock is at a discount of -27.5% from its 52-week high price of $27.77 and is indicating a premium of 49.27% from its 52-week low price of $11.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.9 million shares which gives us an average trading volume of 2.86 million if we extend that period to 3-months.
For Asana Inc (ASAN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.72. Splitting up the data highlights that, out of 19 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.
Asana Inc (NYSE:ASAN) trade information
Upright in the red during last session for losing -2.64%, in the last five days ASAN remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $21.78 price level, adding 21.57% to its value on the day. Asana Inc’s shares saw a change of 14.57% in year-to-date performance and have moved -9.81% in past 5-day. Asana Inc (NYSE:ASAN) showed a performance of 56.35% in past 30-days. Number of shares sold short was 8.67 million shares which calculate 5.77 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a fall of -67.54% to its recent value today. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 54.09% in reaching the projected high whereas dropping to the targeted low would mean a gain of 54.09% for stock’s current value.
Asana Inc (ASAN) estimates and forecasts
Statistics highlight that Asana Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 73.96% of value to its shares in past 6 months, showing an annual growth rate of 30.00% while that of industry is 25.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.92% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 188.13M for the same. And 13 analysts are in estimates of company making revenue of 190.69M in the next quarter. Company posted 171.13M and 172.45M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.44% during past 5 years.
Asana Inc (NYSE:ASAN)’s Major holders
Insiders are in possession of 42.37% of company’s total shares while institution are holding 41.99 percent of that, with stock having share float percentage of 72.86%. Investors also watch the number of corporate investors in a company very closely, which is 41.99% institutions for Asana Inc that are currently holding shares of the company. VOYA INVESTMENT MANAGEMENT LLC is the top institutional holder at ASAN for having 11.6 million shares of worth $162.31 million. And as of 2024-06-30, it was holding 5.0497 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4498 of outstanding shares, having a total worth of $141.36 million.
