Asana Inc (NYSE:ASAN) shares, rose in value on Wednesday, June 18, with the stock price down by -0.30% to the previous day’s close as strong demand from buyers drove the stock to $13.29.
Actively observing the price movement in the last trading, the stock closed the session at $13.33. 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 -26.49% over the past month.
With the market capitalization of Asana Inc currently standing at about $3.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jun-03.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell 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 -16.04% and -17.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.11, while the 7-day volatility ratio is showing 2.61% which for the 30-day chart, stands at 5.67%. Furthermore, Asana Inc (ASAN)’s beta value is 1.23, and its average true range (ATR) is 0.68.
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 -0.30% in last session, and over the past year, it grew by 7.79%%.
Data on historical trading for Asana Inc (NYSE:ASAN) indicates that the trading volumes over the past 3 months, they’ve averaged 3.26 million. According to company’s latest data on outstanding shares, there are 155.66 million shares outstanding.
Nearly 62.03% of Asana Inc’s shares belong to company insiders and institutional investors own 31.94% of the company’s shares. The stock has fallen by -34.44% 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.