Asana Inc (NYSE: ASAN) on Tuesday, plunged -0.99% from the previous trading day, before settling in for the closing price of $12.14. Within the past 52 weeks, ASAN’s price has moved between $11.05 and $23.44.
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A company in the Technology sector has jumped its sales by 55.10% annually for the last half of the decade. 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.
In an organization with 1840 employees, it is important to assess its efficiency. 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 Updates
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 27.91%. The most recent insider transaction that took place on Sep 13 ’24, was worth 1,458,750. Before that another transaction happened on Sep 11 ’24, when Company’s Officer proposed sale 30,000 for $11.45, making the entire transaction worth $343,479.
Asana Inc (ASAN) Performance Highlights and Predictions
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 3.98.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.04 million. That was inferior than the volume of 2.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.66%. Additionally, its Average True Range was 0.63.
During the past 100 days, Asana Inc’s (ASAN) raw stochastic average was set at 18.48%, which indicates a significant decrease from 29.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.82% in the past 14 days, which was lower than the 50.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.39, while its 200-day Moving Average is $15.74. However, in the short run, Asana Inc’s stock first resistance to watch stands at $12.24. Second resistance stands at $12.47. The third major resistance level sits at $12.58. If the price goes on to break the first support level at $11.91, it is likely to go to the next support level at $11.80. Assuming the price breaks the second support level, the third support level stands at $11.57.
Asana Inc (NYSE: ASAN) Key Stats
Market capitalization of the company is 2.74 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.
