In the last trading session, 3.63 million Asana Inc (NYSE:ASAN) shares changed hands as the company’s beta touched 1.25. With the company’s per share price at $14.06 changed hands at $0.18 or 1.30% during last session, the market valuation stood at $3.22B. ASAN’s last price was a discount, traded about -97.51% off its 52-week high of $27.77. The share price had its 52-week low at $11.05, which suggests the last value was 21.41% up since then. When we look at Asana Inc’s average trading volume, we note the 10-day average is 5.71 million shares, with the 3-month average coming to 3.81 million.
Analysts gave the Asana Inc (ASAN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.74. If we narrow down to specifics, the data shows that 1 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ASAN as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Asana Inc’s EPS for the current quarter is expected to be 0.02.
Asana Inc (NYSE:ASAN) trade information
Instantly ASAN was in green as seen at the end of in last trading. With action -15.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.64%, with the 5-day performance at -15.71% in the red. However, in the 30-day time frame, Asana Inc (NYSE:ASAN) is -42.09% down. Looking at the short shares, we see there were 11.48 million shares sold at short interest cover period of 3.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need a downside of -8.15% from its current market value. According to analyst projections, ASAN’s forecast low is 13 with 15 as the target high. To hit the forecast high, the stock’s price needs a -6.69% plunge from its current level, while the stock would need to tank 7.54% for it to hit the projected low.
Asana Inc (ASAN) estimates and forecasts
Year-over-year growth is forecast to reach 8.68% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 185.58M. 15 analysts are of the opinion that Asana Inc’s revenue for the current quarter will be 193.42M. The company’s revenue for the corresponding quarters a year ago was 172.45M and 179.21M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.61%. The estimates for the next quarter sales put growth at 7.93%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.31%. The 2025 estimates are for Asana Inc earnings to increase by 249.32%.
ASAN Dividends
Asana Inc is expected to release its next quarterly earnings report on 2025-Mar-09.
Asana Inc (NYSE:ASAN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 41.31% of Asana Inc shares while 50.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.93%. There are 50.43% institutions holding the Asana Inc stock share, with VOYA INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 5.0497% of the shares, roughly 11.6 million ASAN shares worth $162.31 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.4498% or 10.1 million shares worth $141.36 million as of 2024-06-30.
