In the latest trading session, 0.61 million Asana Inc (NYSE:ASAN) shares changed hands as the company’s beta touched 1.14. With the company’s most recent per share price at $21.86 changing hands around $0.39 or 1.84% at last look, the market valuation stands at $5.00B. ASAN’s current price is a discount, trading about -27.04% off its 52-week high of $27.77. The share price had its 52-week low at $11.05, which suggests the last value was 49.45% up since then. When we look at Asana Inc’s average trading volume, we note the 10-day average is 6.32 million shares, with the 3-month average coming to 2.97 million.

Analysts gave the Asana Inc (ASAN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.72. If we narrow down to specifics, the data shows that 1 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ASAN as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Asana Inc’s EPS for the current quarter is expected to be -0.01.

Asana Inc (NYSE:ASAN) trade information

Instantly ASAN is in green as seen in intraday trades today. With action -16.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.02%, with the 5-day performance at -16.93% in the red. However, in the 30-day time frame, Asana Inc (NYSE:ASAN) is 38.91% up. Looking at the short shares, we see there were 8.67 million shares sold at short interest cover period of 5.77 days.

The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need a downside of -68.15% from its recent market value. According to analyst projections, ASAN’s forecast low is 10 with 20 as the target high. To hit the forecast high, the stock’s price needs a 8.51% surge from its current level, while the stock would need to tank 54.25% for it to hit the projected low.

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 68.32% over the past 6 months, a 30.00% in annual growth rate that is considerably higher than the industry average of 26.10%. Year-over-year growth is forecast to reach 10.92% up from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 188.13M. 13 analysts are of the opinion that Asana Inc’s revenue for the current quarter will be 190.69M. The company’s revenue for the corresponding quarters a year ago was 171.13M and 172.45M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.93%. The estimates for the next quarter sales put growth at 10.58%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.44%. The 2024 estimates are for Asana Inc earnings to increase by 28.98%.

ASAN Dividends

Asana Inc is expected to release its next quarterly earnings report in January.

Asana Inc (NYSE:ASAN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 42.37% of Asana Inc shares while 41.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.86%. There are 41.99% institutions holding the Asana Inc stock share, with VOYA INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 5.0497% of the shares, roughly 11.6 million ASAN shares worth $162.31 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.4498% or 10.1 million shares worth $141.36 million as of 2024-06-30.