Asana Inc (NYSE: ASAN) on Friday, soared 0.49% from the previous trading day, before settling in for the closing price of $12.18. 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 $82.34 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 and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Asana Inc is 63.91%, while institutional ownership is 27.92%. 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) Latest Financial update
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 4.05.
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 1.12 million. That was inferior than the volume of 2.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.70%. Additionally, its Average True Range was 0.44.
During the past 100 days, Asana Inc’s (ASAN) raw stochastic average was set at 26.70%, which indicates a significant decrease from 77.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.13% in the past 14 days, which was lower than the 50.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.40, while its 200-day Moving Average is $14.82. However, in the short run, Asana Inc’s stock first resistance to watch stands at $12.47. Second resistance stands at $12.70. The third major resistance level sits at $12.82. If the price goes on to break the first support level at $12.12, it is likely to go to the next support level at $12.00. The third support level lies at $11.77 if the price breaches the second support level.
Asana Inc (NYSE: ASAN) Key Stats
Market capitalization of the company is 2.79 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.
