While Asana Inc has underperformed by -3.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASAN fell by -39.00%, with highs and lows ranging from $23.44 to $11.05, whereas the simple moving average fell by -27.24% in the last 200 days.
On June 03, 2024, HSBC Securities Upgraded Asana Inc (NYSE: ASAN) to Hold. A report published by Piper Sandler on May 31, 2024, Upgraded its rating to ‘Neutral’ for ASAN. KeyBanc Capital Markets also rated ASAN shares as ‘Underweight’, setting a target price of $14 on the company’s shares in an initiating report dated March 21, 2024. BofA Securities Initiated an Buy rating on February 26, 2024, and assigned a price target of $25. DA Davidson initiated its ‘Neutral’ rating for ASAN, as published in its report on December 20, 2023. HSBC Securities’s report from December 06, 2023 suggests a price prediction of $18 for ASAN shares, giving the stock a ‘Reduce’ rating. Piper Sandler also rated the stock as ‘Underweight’.
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Analysis of Asana Inc (ASAN)
Further, the quarter-over-quarter increase in sales is 10.31%, showing a positive trend in the upcoming months.
One of the most important indicators of Asana Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -83.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.57, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ASAN is recording 2.02M average volume. On a monthly basis, the volatility of the stock is set at 4.72%, whereas on a weekly basis, it is put at 3.38%, with a loss of -6.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.87, showing growth from the present price of $11.17, which can serve as yet another indication of whether ASAN is worth investing in or should be passed over.
How Do You Analyze Asana Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 63.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASAN shares are owned by institutional investors to the tune of 27.91% at present.
