On Friday, Asana Inc (NYSE: ASAN) opened higher 7.04% from the last session, before settling in for the closing price of $11.94. Price fluctuations for ASAN have 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. Company’s average yearly earnings per share was noted 3.81% at the time writing. 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 Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Asana Inc is 63.91%, while institutional ownership is 27.91%. 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 3.81% per share during the next fiscal year.
Asana Inc (NYSE: ASAN) Trading Performance Indicators
Check out the current performance indicators for Asana Inc (ASAN). In the past quarter, the stock posted a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.53.
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 1.39 million. That was inferior than the volume of 2.0 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.91%. Additionally, its Average True Range was 0.46.
During the past 100 days, Asana Inc’s (ASAN) raw stochastic average was set at 38.77%, which indicates a significant decrease from 85.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.61% in the past 14 days, which was lower than the 50.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.20, while its 200-day Moving Average is $14.52. However, in the short run, Asana Inc’s stock first resistance to watch stands at $13.17. Second resistance stands at $13.56. The third major resistance level sits at $14.16. If the price goes on to break the first support level at $12.18, it is likely to go to the next support level at $11.58. Assuming the price breaks the second support level, the third support level stands at $11.19.
Asana Inc (NYSE: ASAN) Key Stats
There are currently 228,164K shares outstanding in the company with a market cap of 3.12 billion. Presently, the company’s annual sales total 652,500 K according to its annual income of -257,030 K. Last quarter, the company’s sales amounted to 179,210 K and its income totaled -72,190 K.
