Asana Inc (NYSE:ASAN) price on current trading day, rose 1.86% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.27.
A look at the stock’s price movement, the close in the last trading session was $14.01, moving within a range at $13.9067 and $14.6. The beta value (5-Year monthly) was 1.128. Turning to its 52-week performance, $27.77 and $11.05 were the 52-week high and 52-week low respectively. Overall, ASAN moved -40.04% over the past month.
Asana Inc’s market cap currently stands at around $3.26 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-09.
Analysts have a consensus estimate of 185.58M for the company’s revenue for the quarter, with a low and high estimate of 184.67M and 186.83M respectively. The average forecast suggests up to a 7.61% 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 786.73M, representing a 8.68% 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 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -16.93% and -27.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.14, while 7-day volatility ratio is 5.36% and 6.70% in the 30-day chart. Further, Asana Inc (ASAN) has a beta value of 1.25, and an average true range (ATR) of 1.32. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $12 and high of $22. Looking at the price targets, the low is 15.91% off current price level while to achieve the yearly target high, price needs to move -54.17%. Nonetheless, investors will most likely welcome a 8.9% 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 5.93 over the past 10 days and 3.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 228.72 million shares.
The 63.15% of Asana Inc’s shares are in the hands of company insiders while institutional holders own 31.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.48 million on 2025-02-28, giving us a short ratio of 3.89. The data shows that as of 2025-02-28 short interest in Asana Inc (ASAN) stood at 1381.9999999999998 of shares outstanding, with shares short falling to 12.68 million registered in 2025-01-31. Current price change has pushed the stock -29.60% 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.
