During the recent session, Asana Inc (NYSE:ASAN)’s traded shares were 0.54 million, with the beta value of the company hitting 1.11. At the last check today, the stock’s price was $23.89, reflecting an intraday loss of -1.61% or -$0.39. The 52-week high for the ASAN share is $27.77, that puts it down -16.24 from that peak though still a striking 53.75% gain since the share price plummeted to a 52-week low of $11.05. The company’s market capitalization is $5.46B, and the average intraday trading volume over the past 10 days was 3.16 million shares, and the average trade volume was 3.96 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 2.63. 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.
Asana Inc (NYSE:ASAN) trade information
Asana Inc (ASAN) registered a -1.61% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.61% in intraday trading to $23.89, hitting a weekly high. The stock’s 5-day price performance is 9.49%, and it has moved by 21.45% in 30 days. Based on these gigs, the overall price performance for the year is 29.14%. 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 -83.77% 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 premium of 16.28% off the target high and 58.14% off the low.
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 28.78% in 2025.
ASAN Dividends
Asana Inc is due to release its next quarterly earnings in March. 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.
Also, the Mutual Funds coming in first place with the largest holdings of Asana Inc (ASAN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.84 shares. This amounts to just over 1.98 percent of the company’s overall shares, with a $67.27 million market value. The same data shows that the other fund manager holds slightly less at 2.32, or about 1.62% of the stock, which is worth about $54.89 million.
