During the last session, Asana Inc (NYSE:ASAN)’s traded shares were 2.59 million, with the beta value of the company hitting 1.11. At the end of the trading day, the stock’s price was $19.85, reflecting an intraday loss of -2.07% or -$0.42. The 52-week high for the ASAN share is $27.77, that puts it down -39.9 from that peak though still a striking 44.33% gain since the share price plummeted to a 52-week low of $11.05. The company’s market capitalization is $4.54B, and the average intraday trading volume over the past 10 days was 4.72 million shares, and the average trade volume was 3.06 million shares over the past three months.
Asana Inc (ASAN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.74. ASAN has a Sell rating from 1 analyst(s) out of 19 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
Asana Inc (NYSE:ASAN) trade information
Asana Inc (ASAN) registered a -2.07% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.07% in intraday trading to $19.85, hitting a weekly high. The stock’s 5-day price performance is -9.69%, and it has moved by 31.28% in 30 days. Based on these gigs, the overall price performance for the year is 11.83%. The short interest in Asana Inc (NYSE:ASAN) is 8.67 million shares and it means that shorts have 5.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies a decrease of -52.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $20 respectively. As a result, ASAN is trading at a discount of -0.76% off the target high and 49.62% off the low.
Asana Inc (ASAN) estimates and forecasts
Statistics show that Asana Inc has outperformed its competitors in share price, compared to the industry in which it operates. Asana Inc (ASAN) shares have gone up 47.47% during the last six months, with a year-to-date growth rate more than the industry average at 30.00% against 25.20. In the rating firms’ projections, revenue will increase 10.92% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 188.13M as predicted by 16 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 190.69M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 171.13M and 172.45M respectively. In this case, analysts expect current quarter sales to grow by 9.93% and then jump by 10.58% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.44%. While earnings are projected to return 28.98% in 2025.
ASAN Dividends
Asana Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Asana Inc (NYSE:ASAN)’s Major holders
Asana Inc insiders own 42.37% of total outstanding shares while institutional holders control 41.99%, with the float percentage being 72.86%. VOYA INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 290.0 institutions own stock in it. As of 2024-06-30, the company held over 11.6 million shares (or 5.0497% of all shares), a total value of $162.31 million in shares.
The next largest institutional holding, with 10.1 million shares, is of VANGUARD GROUP INC’s that is approximately 4.4498% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $141.36 million.
