In the last trading session, 2.45 million shares of the Asana Inc (NYSE:ASAN) were traded, and its beta was 1.10. Most recently the company’s share price was $22.36, and it changed around -$1.08 or -4.61% from the last close, which brings the market valuation of the company to $5.11B. ASAN currently trades at a discount to its 52-week high of $27.77, offering almost -24.19% off that amount. The share price’s 52-week low was $11.05, which indicates that the current value has risen by an impressive 50.58% since then. We note from Asana Inc’s average daily trading volume that its 10-day average is 3.51 million shares, with the 3-month average coming to 3.90 million.
Asana Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.63. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 10 recommended ASAN as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. Asana Inc is expected to report earnings per share of -0.01 for the current quarter.
Asana Inc (NYSE:ASAN) trade information
Instantly ASAN has showed a red trend with a performance of -4.61% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.97 on recent trading dayincreased the stock’s daily price by 6.72%. The company’s shares are currently up 10.31% year-to-date, but still up 1.96% over the last five days. On the other hand, Asana Inc (NYSE:ASAN) is 16.28% up in the 30-day period. We can see from the shorts that 8.67 million shares have been sold at a short interest cover period of 5.77 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to decrease their stock price by -72.0% from its current value. Analyst projections state that ASAN is forecast to be at a low of $10 and a high of $20.
Asana Inc (ASAN) estimates and forecasts
The year-over-year growth rate is expected to be 10.92%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 188.13M in revenue for the current quarter. 13 analysts expect Asana Inc to make 190.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 171.13M and 172.45M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.93%. Forecasts for the next quarter put sales growth at 10.58%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.44%.
ASAN Dividends
Asana Inc’s next quarterly earnings report is expected to be released in March.
Asana Inc (NYSE:ASAN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 42.37% of Asana Inc shares, and 41.99% of them are in the hands of institutional investors. The stock currently has a share float of 72.86%. Asana Inc stock is held by 290.0 institutions, with VOYA INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 5.0497% of the shares, which is about 11.6 million shares worth $162.31 million.
VANGUARD GROUP INC, with 4.4498% or 10.1 million shares worth $141.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 2.84 shares worth $63.6 million, making up 1.98% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.32 shares worth around $51.9 million, which represents about 1.62% of the total shares outstanding.
