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New Insights About Asana Inc. (ASAN)

Asana Inc. (NYSE:ASAN) at last check was buoying at $22.28 on Thursday, September 22, with a fall of -3.51% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $23.09 with its price kept floating in the range of $22.84 and $24.86 on the day. Considering stock’s 52-week price range provides that ASAN hit a high price of $145.79 and saw its price falling to a low level of $16.19 during that period. Over a period of past 1-month, stock came adding 15.10% in its value.

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With its current market valuation of $4.71 billion, Asana Inc. is set to declare its quarterly results on Nov 30, 2022 – Dec 05, 2022. Analysts are in estimates of -$0.39 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$1.31 for 2023 with estimates of that growing to -$1.1 in next year. These estimates are suggesting current year growth of -42.40% for EPS and 16.00% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $127.62 million. They suggested that in the process company could generate revenue of as low as $127.1 million which could climb up to $128.11 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $537.21 million in 2023, which will be 42.00% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review ASAN stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the ASAN stock which is currently positioned at 0. It further provides that stock’s current price level is 1.35% away from its 20-day simple moving average and is 2.58% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 48.34 while volatility remained at 7.94% over the past week which changes to 7.97% when measuring it over the past month. Average true range or ATR is currently at 2.10.

Having a second look at Asana Inc. (NYSE:ASAN) provides that stock’s average daily trading volume for 3 months was 3.86 million, while it jumped to 8.84 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 191.35 million.

The percentage of outstanding shares held by the insiders is 41.60% while it is 52.10% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 13.29 million which implies a short ratio of 4.36. This shows down a 6.98% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 13.57 million in the previous month. Subtraction of -69.03% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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