Asana Inc (NYSE:ASAN)’s traded shares stood at 4.45 million during the last session, with the company’s beta value hitting 1.18. At the close of trading, the stock’s price was $22.73, to imply an increase of 3.41% or $0.75 in intraday trading. The ASAN share’s 52-week high remains $27.77, putting it -22.17% down since that peak but still an impressive 51.39% since price per share fell to its 52-week low of $11.05. The company has a valuation of $5.20B, with an average of 5.72 million shares in intraday trading volume over the past 10 days and average of 2.97 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Asana Inc (ASAN), translating to a mean rating of 2.74. Of 19 analyst(s) looking at the stock, 1 analyst(s) give ASAN a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
Asana Inc (NYSE:ASAN) trade information
After registering a 3.41% upside in the last session, Asana Inc (ASAN) has traded red over the past five days. The 5-day price performance for the stock is -3.89%, and 44.68% over 30 days. With these gigs, the year-to-date price performance is 19.57%. Short interest in Asana Inc (NYSE:ASAN) saw shorts transact 8.67 million shares and set a 5.77 days time to cover.
The extremes give us $10 and $20 for target low and target high price respectively. As such, ASAN has been trading 12.01% off suggested target high and 56.01% from its likely low.
Asana Inc (ASAN) estimates and forecasts
Looking at statistics comparing Asana Inc share performance against respective industry, we note that the company has outperformed competitors. Asana Inc (ASAN) shares are 67.38% up over the last 6 months, with its year-to-date growth rate higher than industry average at 30.00% against 26.50%. The rating firms project that company’s revenue will grow 10.92% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is 188.13M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 190.69M.Earnings reports from the last fiscal year show that sales brought in 171.13M and 172.45M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.93% before jumping 10.58% in the following quarter.
ASAN Dividends
Asana Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Asana Inc (NYSE:ASAN)’s Major holders
Asana Inc insiders hold 42.37% of total outstanding shares, with institutional holders owning 41.99% of the shares at 72.86% float percentage. In total, 41.99% institutions holds shares in the company, led by VOYA INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 11.6 million shares (or 5.0497% of shares), all amounting to roughly $162.31 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 10.1 million shares, or about 4.4498% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $141.36 million.
