Asana Inc. (NYSE:ASAN) price closed higher on Monday, September 13, jumping 3.93% above its previous close.
A look at the daily price movement shows that the last close reads $97.61, with intraday deals fluctuated between $99.98 and $107.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $102.70 and 52-week low of $20.57. The stock added 28.74% on its value in the past month.
Asana Inc., which has a market valuation of $18.61 billion, is expected to release its quarterly earnings report Dec 07, 2021 – Dec 13, 2021. Analysts tracking ASAN have forecast the quarterly EPS to shrink by -0.26 per share this quarter, while the same analysts predict the annual EPS to hit -$0.99 for the year 2021 and up to -$0.98 for 2023. In this case, analysts estimate an annual EPS growth of 14.70% for the year and 1.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $93.69 million, with the likely lows of $93.5 million and highs of $94 million. The average estimate suggests sales growth for the quarter will likely rise by 73.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $359.11 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 58.20% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give ASAN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 11 analysts have assigned ASAN a recommendation rating as follows: 2 rate it as a Hold; 8 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Asana Inc. (ASAN) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ASAN’s price is at present 24.35% off the SMA20 and 35.68% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 76.60, with weekly volatility standing at 5.99%. The indicator jumps to 6.01% when calculated based on the past 30 days. Asana Inc. (NYSE:ASAN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 5.31. Considering analysts have assigned the stock a price target range of $71.00-$115.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $88.45. Based on this estimate, we see that current price is roughly 30.01% off the estimated low and -13.36% off the forecast high. Investors will no doubt be excited to see the share price rise to $85.00, which is the median consensus price, and at that level ASAN would be 16.21% from current price.
An analysis of the Asana Inc. (NYSE:ASAN) stock in terms of its daily trading volume indicates that the 3-month average is 2.30 million.
Current records show that the company has 170.60M in outstanding shares. The insiders’ percentage holdings are 6.60% of outstanding shares while the percentage share held by institutions stands at 73.60%. But the 243.32% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.