Asana Inc (NYSE: ASAN) is -37.45% lower on its value in year-to-date trading and has touched a low of $11.05 and a high of $23.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASAN stock was last observed hovering at around $11.92 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $11.89, the stock is -6.22% and -10.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -0.25% at the moment leaves the stock -23.75% off its SMA200. ASAN registered -30.43% loss for a year compared to 6-month loss of -23.14%.
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The stock witnessed a -10.87% gain in the last 1 month and extending the period to 3 months gives it a -5.03%, and is -2.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.86% over the week and 4.88% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $2.71B and $689.30M in sales. Profit margin for the company is -37.73%. Distance from 52-week low is 7.65% and -49.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.64%).
The EPS is expected to grow by 3.89% this year.
Asana Inc (ASAN) Top Institutional Holders
296.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 79.13% of the company’s shares. The shares outstanding are 139.24M, and float is at 81.72M with Short Float at 11.61%. Institutions hold 45.30% of the Float.
The top institutional shareholder in the company is VOYA INVESTMENT MANAGEMENT LLC with over 11.61 million shares valued at $162.45 million. The investor’s holdings represent 5.1138% of the ASAN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.1 million shares valued at $141.36 million to account for 4.4498 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.98 million shares representing 3.0745% and valued at over $97.67 million, while CHAMPLAIN INVESTMENT PARTNERS, LLC holds 1.7615 of the shares totaling 4.0 million with a market value of $55.96 million.
Asana Inc (ASAN) Insider Activity
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Still, SEC filings show that on Sep 11 ’24, Wan Tim M (Officer) Proposed Sale 30,000 shares at an average price of $11.45 for $0.34 million. The insider now directly holds shares of Asana Inc (ASAN).
