Asana Inc (NYSE: ASAN) is -22.57% 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 $13.93 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $14.72, the stock is 9.77% and 17.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 5.67% at the moment leaves the stock 3.49% off its SMA200. ASAN registered -29.13% loss for a year compared to 6-month loss of -0.14%. The firm has a 50-day simple moving average (SMA 50) of $12.4216 and a 200-day simple moving average (SMA200) of $14.2401.
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The stock witnessed a 25.17% gain in the last 1 month and extending the period to 3 months gives it a 5.90%, and is 3.23% up 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 3.89% over the week and 3.75% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $3.36B and $689.30M in sales. Profit margin for the company is -37.73%. Distance from 52-week low is 33.27% and -37.20% 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 3.59% this year
289.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 72.87% of the company’s shares. The shares outstanding are 139.24M, and float is at 82.35M with Short Float at 10.96%. Institutions hold 41.99% 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
Asana Inc disclosed in a document filed with the SEC on Sep 20 ’24 that LACEY ELEANOR B (GC, Corporate Secretary) sold a total of 9,308 shares of the company’s common stock. The trade occurred on Sep 20 ’24 and was made at $11.99 per share for $0.11 million. Following the transaction, the insider now directly holds 0.38 million shares of the ASAN stock.
Still, SEC filings show that on Sep 23 ’24, LACEY ELEANOR B (GC, Corporate Secretary) disposed off 4,977 shares at an average price of $11.79 for $58662.0. The insider now directly holds 370,333 shares of Asana Inc (ASAN).
