A new trading day began on Friday, with Asana Inc (NYSE: ASAN) stock price up 2.95% from the previous day of trading, before settling in for the closing price of $11.20. ASAN’s price has ranged from $11.05 to $23.44 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged 3.89%. With a float of $82.31 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.
Asana Inc (ASAN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Asana Inc is 63.93%, while institutional ownership is 27.93%. The most recent insider transaction that took place on Sep 20 ’24, was worth 111,603. In this transaction GC, Corporate Secretary of this company sold 9,308 shares at a rate of $11.99, taking the stock ownership to the 375,310 shares. Before that another transaction happened on Sep 23 ’24, when Company’s GC, Corporate Secretary sold 4,977 for $11.79, making the entire transaction worth $58,662. This insider now owns 370,333 shares in total.
Asana Inc (ASAN) Performance Highlights and Predictions
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
Here are Asana Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.82.
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 1.77 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 22.76%. Additionally, its Average True Range was 0.49.
During the past 100 days, Asana Inc’s (ASAN) raw stochastic average was set at 9.19%, which indicates a significant decrease from 28.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.22% in the past 14 days, which was lower than the 51.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.76, while its 200-day Moving Average is $15.17. However, in the short run, Asana Inc’s stock first resistance to watch stands at $11.65. Second resistance stands at $11.76. The third major resistance level sits at $12.00. If the price goes on to break the first support level at $11.30, it is likely to go to the next support level at $11.06. Assuming the price breaks the second support level, the third support level stands at $10.95.
Asana Inc (NYSE: ASAN) Key Stats
With a market capitalization of 2.63 billion, the company has a total of 228,104K Shares Outstanding. Currently, annual sales are 652,500 K while annual income is -257,030 K. The company’s previous quarter sales were 179,210 K while its latest quarter income was -72,190 K.
