Asana Inc (NYSE:ASAN) has a beta value of 1.11 and has seen 2.72 million shares traded in the last trading session. The company, currently valued at $4.65B, closed the last trade at $20.35 per share which meant it lost -$1.45 on the day or -6.65% during that session. The ASAN stock price is -36.46% off its 52-week high price of $27.77 and 45.7% above the 52-week low of $11.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.84 million shares traded. The 3-month trading volume is 3.16 million shares.
The consensus among analysts is that Asana Inc (ASAN) is Buy stock at the moment, with a recommendation rating of 2.63. 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.
Asana Inc (NYSE:ASAN) trade information
Sporting -6.65% in the red in last session, 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 $20.35 or saw a rise of 11.6%. Year-to-date, Asana Inc shares have moved 0.39%, while the 5-day performance has seen it change -1.36%. Over the past 30 days, the shares of Asana Inc (NYSE:ASAN) have changed 31.63%. Short interest in the company has seen 8.67 million shares shorted with days to cover at 5.77.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could drop -56.54% from current levels. The projected low price target is $10.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is 1.72% off the targeted high while a plunge would see the stock lose 50.86% from current levels.
Asana Inc (ASAN) estimates and forecasts
Figures show that Asana Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 55.70% over the past 6 months, with this year growth rate of 30.00%, compared to 25.20% for the industry.
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 in February 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 42.37% of the company shares, while shares held by institutions stand at 41.99% with a share float percentage of 72.86%. Investors are also buoyed by the number of investors in a company, with Asana Inc having a total of 290.0 institutions that hold shares in the company. The top two institutional holders are VOYA INVESTMENT MANAGEMENT LLC with over 11.6 million shares worth more than $162.31 million. As of 2024-06-30, VOYA INVESTMENT MANAGEMENT LLC held 5.0497% 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.
