Asana Inc (NYSE:ASAN) price on Tuesday, December 24, rose 2.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.98.
A look at the stock’s price movement, the close in the last trading session was $21.47, moving within a range at $21.545 and $22.2159. The beta value (5-Year monthly) was 1.134. Turning to its 52-week performance, $27.77 and $11.05 were the 52-week high and 52-week low respectively. Overall, ASAN moved 40.09% over the past month.
Asana Inc’s market cap currently stands at around $5.15 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 188.13M for the company’s revenue for the quarter, with a low and high estimate of 187.9M and 188.85M respectively. The average forecast suggests up to a 9.93% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 723.76M, representing a 10.92% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASAN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
19 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 13 recommend ASAN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ASAN’s current price about 5.85% and 35.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.58, while 7-day volatility ratio is 7.69% and 7.05% in the 30-day chart. Further, Asana Inc (ASAN) has a beta value of 1.14, and an average true range (ATR) of 1.54. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $10 and high of $20. Looking at the price targets, the low is 54.5% off current price level while to achieve the yearly target high, price needs to move 9.01%. Nonetheless, investors will most likely welcome a 40.86% jump to $13 which is the analysts’ median price.
If we refocus on Asana Inc (NYSE:ASAN), historical trading data shows that trading volumes averaged 5.72 over the past 10 days and 2.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 143.16 million shares.
The 63.84% of Asana Inc’s shares are in the hands of company insiders while institutional holders own 25.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.67 million on 2024-11-15, giving us a short ratio of 5.77. The data shows that as of 2024-11-15 short interest in Asana Inc (ASAN) stood at 1051.00006 of shares outstanding, with shares short rising to 8.55 million registered in 2024-10-15. Current price change has pushed the stock 15.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASAN stock continues to rise going into the next quarter.
