A look at Asana Inc’s (ASAN) recent performance gives investors their first glimpse of hope.

Asana Inc (NYSE: ASAN) on Friday, plunged -6.36% from the previous trading day, before settling in for the closing price of $12.58. Within the past 52 weeks, ASAN’s price has moved between $11.29 and $23.44.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 55.10%. The company achieved an average annual earnings per share of 3.89%. With a float of $81.72 million, this company’s outstanding shares have now reached $139.24 million.

Considering the fact that the conglomerate employs 1840 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 89.67%, operating margin of -39.8%, and the pretax margin is -37.19%.

Asana Inc (ASAN) Insider Activity

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Asana Inc is 64.19%, while institutional ownership is 30.05%. The most recent insider transaction that took place on Jul 26 ’24, was worth 76,500. In this transaction Chief Financial Officer of this company sold 5,000 shares at a rate of $15.30, taking the stock ownership to the 1,063,909 shares. Before that another transaction happened on Jul 25 ’24, when Company’s Chief Financial Officer sold 5,000 for $15.00, making the entire transaction worth $75,000. This insider now owns 1,063,909 shares in total.

Asana Inc (ASAN) Earnings and Forecasts

As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period topping the consensus outlook (set at -0.11) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.89% per share during the next fiscal year.

Asana Inc (NYSE: ASAN) Trading Performance Indicators

Asana Inc (ASAN) is currently performing well based on its current performance indicators. A quick ratio of 1.57 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.90.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.15, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.04 in one year’s time.

Technical Analysis of Asana Inc (ASAN)

Compared to the last year’s volume of 2.07 million, its volume of 3.52 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 30.71%. Additionally, its Average True Range was 0.73.

During the past 100 days, Asana Inc’s (ASAN) raw stochastic average was set at 9.74%, which indicates a significant decrease from 14.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.43% in the past 14 days, which was higher than the 51.33% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.65, while its 200-day Moving Average is $16.07. Nevertheless, the first resistance level for the watch stands at $12.41 in the near term. At $13.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.36. If the price goes on to break the first support level at $11.46, it is likely to go to the next support level at $11.14. Should the price break the second support level, the third support level stands at $10.51.

Asana Inc (NYSE: ASAN) Key Stats

Market capitalization of the company is 2.69 billion based on 228,104K outstanding shares. Right now, sales total 652,500 K and income totals -257,030 K. The company made 179,210 K in profit during its latest quarter, and -72,190 K in sales during its previous quarter.