The trading price of Asana Inc (NYSE:ASAN) closed higher on Tuesday, April 23, closing at $14.72, 5.90% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $26.27 and a 52-week low of $13.34. Over the past month, the stock has lost -4.85% in value.
Asana Inc, whose market valuation is $3.31 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.08 per share this quarter, however they have predicted annual earnings per share of -0.2 for current year and -0.02 for next year.
Analysts have forecast the company to bring in revenue of 168.73M for the current quarter, with the likely lows of 168M and highs of 169.85M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 722.06M.
On the technical side, indicators suggest ASAN has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ASAN’s price is currently 0.46% off the SMA20 and -11.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.07, and weekly volatility stands at 4.13%. When measured over the past 30 days, the indicator reaches 3.13%. Asana Inc (NYSE:ASAN)’s beta value is currently sitting at 1.22, while the Average True Range indicator is currently displaying 0.59.
To see how Asana Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ASAN stock’s performance was 5.90% in the latest trading, and -19.17% in the past year.
An evaluation of the daily trading volume of Asana Inc (NYSE:ASAN) indicates that the 3-month average is 1.97 million.
Currently, records show that 139.24 million of the company’s shares remain outstanding. The insiders hold 64.25% of outstanding shares, whereas institutions hold 25.93%. However, since the stock’s price has seen -22.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
