Asana Inc (NYSE:ASAN) shares, rose in value on Wednesday, March 26, with the stock price down by -1.49% to the previous day’s close as strong demand from buyers drove the stock to $15.18.
Actively observing the price movement in the last trading, the stock closed the session at $15.41, falling within a range of $14.93 and $15.48. The value of beta (5-year monthly) was 1.128. Referring to stock’s 52-week performance, its high was $27.77, and the low was $11.05. On the whole, ASAN has fluctuated by -20.02% over the past month.
With the market capitalization of Asana Inc currently standing at about $3.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-09.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 786.73M, with a low estimate of 184.67M and a high estimate of 186.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 185.58M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASAN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ASAN currently trading nearly -4.13% and -20.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.37, while the 7-day volatility ratio is showing 4.63% which for the 30-day chart, stands at 6.11%. Furthermore, Asana Inc (ASAN)’s beta value is 1.19, and its average true range (ATR) is 1.12.
A comparison of Asana Inc (ASAN) with its peers suggests the former has fared considerably weaker in the market. ASAN showed an intraday change of -1.49% in last session, and over the past year, it shrunk by -1.87%%.
Data on historical trading for Asana Inc (NYSE:ASAN) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 3.48 million. According to company’s latest data on outstanding shares, there are 147.48 million shares outstanding.
Nearly 62.54% of Asana Inc’s shares belong to company insiders and institutional investors own 30.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.19 million shares as on 2025-03-14, resulting in a short ratio of 1.81. According to the data, the short interest in Asana Inc (ASAN) stood at 821.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 13.34 million. The stock has fallen by -25.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASAN stock heading into the next quarter.
